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Tech Stocks Propel S&P and Nasdaq to Record Highs

The S&P 500 and Nasdaq indexes hit record intraday highs on Wednesday, driven primarily by technology stocks. Economic data supported expectations of Federal Reserve rate cuts. Emerging reports hinted at labor market easing and potential rate reductions. These movements were further influenced by strong performances from companies like Nvidia, Hewlett Packard Enterprise, and CrowdStrike Holdings.
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Cisco Live: AI takes center stage

Cisco put AI front and center at its Live customer conclave this week, touting new networking, management and security products, partnerships, and investments it expects will drive enterprise deployments of the burgeoning intelligence technology. CEO Chuck Robbins says the AI evolution is coming on fast, like the cloud transition on steroids.
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