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Dow Soars, AI Gets a Reality Check, and Crypto Has a $44B Oops: Today's Wild Ride!
U.S. markets powered higher today, led by the Dow, even as the AI sector faced a re-evaluation and crypto markets reeled from an unprecedented $44 billion transfer. Amidst the volatility, falling mortgage rates offered a silver lining for housing, while a new US-India trade deal signaled global growth.
Dow 50,000! Tech Roars Back, AI Spending Soars, and Bitcoin Stages a Wild Comeback!
US markets staged a powerful rebound today, with the Dow Jones Industrial Average surging past 50,000 for the first time ever. Tech stocks led the charge, even as massive AI spending sparked 'bubble' concerns, while Bitcoin made a dramatic recovery from recent lows.
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