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Most US Stocks Rise Following Strong Profit Reports

Most U.S. stocks rose on Tuesday, bolstered by strong quarterly earnings from major companies like Equifax, Hasbro, and 3M. The S&P 500 gained 0.3%, the Dow Jones Industrial Average surged 529 points (1%), while the Nasdaq composite slipped slightly by less than 0.1%.

Asian Shares Decline Amid Global Sell-Off in AI Stocks

Asian shares declined on Friday due to a global sell-off in artificial intelligence (AI) stocks, which led to the S&P 500 experiencing its worst day since July, falling 1.2%. The downturn was driven by investor concerns over the high costs of financing data centers and AI chips amid rising interest rates.

US Jobless Claims Fall to 194,000, Lowest Since July

U.S. jobless claims dropped to 194,000 last week, marking the lowest level since July and indicating continued strength in the labor market. This decline suggests that layoffs remain low and most Americans enjoy extraordinary job security.