Source: https://www.jhinvestments.com/weekly-market-recap#market-moving-news
Stocks climbed to new highs as renewed enthusiasm around artificial intelligence, resilient retail sales, and strong corporate earnings momentum outweighed concerns about elevated energy prices.
Stocks pushed to fresh all-time highs Wednesday as strength in megacap technology and chip shares outweighed another hotter-than-expected inflation report.
U.S. stocks mostly pulled back Tuesday as a hotter-than-expected core inflation reading and another jump in oil prices cooled the recent rally, especially in high-flying semiconductor names.
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