US market today: Microsoft, Meta earnings lift Nasdaq to record...

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US market today: Microsoft, Meta earnings lift Nasdaq to record level; inflation uptick dims Fed rate cut hopes

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Wall Street experienced gains, propelled by Microsoft and Meta's strong performance driven by AI optimism and solid earnings. Major indices approached record highs, while inflation data and Trump's tariff policies introduced caution ahead of the Federal Reserve meeting. The Fed held rates steady amid persistent inflation concerns and trade uncertainties, impacting rate cut expectations.

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