Brief Market Update
U.S. stocks had a strong week, with the Nasdaq leading gains and several major indexes reaching record highs. Strong earnings, renewed enthusiasm for AI stocks, and hopes of progress in the Strait of Hormuz all supported investor confidence. Oil prices fell early in the week on hopes that the Strait of Hormuz could reopen, which eased inflation concerns and helped Treasury yields move lower. The U.S. labor market showed signs of slowing. Employers cut 23,000 jobs in July, prior months were...
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