Tech announcements, muted Fed commentary boost US stocks

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AFP

New York (AFP) – Major announcements by tech giants of new artificial intelligence offerings helped lift US stocks Tuesday, following a rollercoaster session that included Federal Reserve comments viewed as muted on inflation. Both Microsoft and Google parent Alphabet jumped more than four percent after product announcements in what Microsoft CEO Satya Nadella called a technology “race” — boosting US indices on a mixed day for global stocks. “This technology is going to reshape pretty much every software category,” Nadella added at an event at Microsoft’s Redmond, Washington, headquarters tha…

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