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BUSINESSJul 15 · 14:11 UTCWPLG LOCAL 10 MIAMIBy STAN CHOE, Associated Press

Technology stocks lead markets higher, while oil prices keep rising

Technology stocks led global markets higher as AI sector gains momentum, with the S&P 500 rising 0.4% and the Nasdaq up 0.6%. South Korea’s Kospi surged 6.2%, driven by Samsung Electronics and SK Hynix, while ASML reported stronger-than-expected revenue growth linked to AI demand. BlackRock and major banks saw stock gains amid strong earnings reports, and U.S. inflation slowed, easing pressure on the Federal Reserve.

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technology stockstopicArtificial Intelligence (AI)topicS&P 500organizationNasdaq CompositeorganizationSamsung ElectronicsorganizationSK HynixorganizationASMLorganizationBlackRockorganizationThe Bank of New York Mellon CorporationorganizationMorgan StanleyorganizationElevance HealthorganizationFederal Reserveorganization
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