India, July 6 -- Wall Street marked a positive start to the new trading week as investors came back from their Independence Day holiday break with improved confidence. AI-related technology stocks bounced back with strength, contributing to the outperformance of the Nasdaq compared to other indices while the Dow Jones Industrial Average briefly touched the record level of 53,000 for the first time ever, the overall market remained optimistic amid conflicting economic cues. The strength was underpinned by an improved outlook for AI stocks, the decline in inflationary concerns due to softer jobs data and lower crude oil prices and easing rate hike fears.

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