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BUSINESSAug 4 · 20:56 UTCGUARDIAN USAssociated Press

US stock market hits record highs as AI profits pile and oil prices ease

The US stock market reached record highs as AI-driven corporate profits increased and oil prices declined. The S&P 500 rose 1.8%, the Dow Jones Industrial Average hit a new record with a 1.7% gain, and the Nasdaq Composite surged 2.6%.

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