💨 Abstract

Wall Street shares were slightly higher on Thursday, boosted by Meta's earnings, but disappointed by Microsoft's outlook. The dollar dipped, benefiting gold prices, which neared record-highs. The first earnings from megacap tech stocks received a mixed reaction, with investors scrutinizing AI spending plans amid the emergence of a low-cost Chinese startup. Microsoft and Meta are investing heavily in AI, but investors are demanding results.

Courtesy: theprint.in

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