Techs Lead On AI, Rate-Cut Optimism; Arista Networks, Dycom, TransDigm In Focus
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Stocks started off strong as tech earnings revived AI optimism, then added to gains as Fed chief Jerome Powell sees rate cuts starting as soon as September. The S&P 500 rallied above its 50-day line while the Russell 2000 hit a fresh multiyear high. But a slew of earnings and other news is still on tap this week.
Techs Lead On AI, Rate-Cut Optimism; Arista Networks, Dycom, TransDigm In Focus