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Trader Fred Demarco, right, and Specialist Michael Pistillo, left, work on the floor of the New York Stock Exchange, Friday, Aug. 7, 2026, in New York.

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Wall Street flirts with a record after AI stocks jump and worries about inflation ease a bit

Wall Street flirts with a record after AI stocks jump and worries about inflation ease a bit

Wall Street is flirting with a record after several AI stocks reported better growth for the spring than analysts expected, while a report showed inflation across the United States was slightly less bad last month. The S&P 500 added 0.3% Wednesday and was on track for its first gain since setting its all-time high on Friday. The Dow Jones Industrial Average rose 65 points, and the Nasdaq composite climbed 0.6%. Stocks like Nvidia and Super Micro Computer helped lead the way on signals that businesses continue to spend big dollars on AI infrastructure. Treasury yields eased following the latest inflation data.