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flag Wall Street hit record highs on Monday amid hopes for a Fed rate cut and optimism over AI and U.S.-China trade talks.

flag Wall Street closed at record highs on Monday, with the S&P 500 surpassing 6,600 and the NASDAQ Composite hitting a new peak, driven by expectations of a quarter-point interest rate cut by the Federal Reserve and positive sentiment around artificial intelligence and U.S.-China trade talks. flag The U.S. dollar weakened as investors embraced a risk-on outlook, while global markets showed mixed results, with European indices rising and Asia-Pacific markets fluctuating.

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