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July 7, 2026

Rebounding AI stocks send the S&P 500 within 1% of its record

By STAN CHOE
AP Business Writer

NEW YORK — A rebound for AI stocks lifted the U.S. market on Monday.

The S&P 500 rose 0.7% and pulled back within 1% of its all-time high, even though the majority of stocks within the index fell. The strength for companies in the artificial-intelligence technology industry sent the Nasdaq composite 1.1% higher, and the Dow Jones Industrial Average rose 155 points, or 0.3%, to a record.


 
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