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S&P 500 Close to Record Mark: Markets Benefit From Fed Speculation - Micron Impresses With AI Outlook - US Solar Stocks Soar - Ferric and Marvell Forge an AI Alliance - Mercedes Relies on Cerence AI - Rezolve AI Expands With new Service Division - Dax Recovers With the Handbrake on

M. Blattmann
Reading Time: 19 minutes

The S&P 500 climbs to over 6,100 points, just shy of its record high from February 19. The catalyst for the stock rally was reports that US President Donald Trump may announce a new Fed Chair well before Jerome Powell's term ends. Investors bet that a Trump-aligned successor would pursue a looser monetary policy, boosting short-term government bonds and pushing the dollar to its lowest level since 2022. Markets are now pricing in two rate cuts for this year, starting in September. The latest economic data sends mixed signals: The US trade...

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