Summary:Wall Street surged today as Microsoft and Meta delivered strong AI-related earnings growth, lifting U.S. stock futures. Meanwhile, the U.S. dollar softened slightly after pressure from the Bank of Japan and cooling inflation expectations, signaling a possible shift in global currency flows.
Why It Matters:
This rally shows that AI innovation remains a powerful driver even in volatile economic times. A cooler dollar can also help emerging markets by easing debt burdens and boosting trade. Investors and policymakers are watching for clues around inflation and central bank decisions.
Source: Reuters