The Nasdaq Composite and S&P 500 have achieved new all-time highs despite economic uncertainties. The tech sector leads this surge, with Palantir Technologies rising 5% after announcing a partnership with Accenture to modernize government systems using AI. Most sectors are experiencing positive trends, particularly financials, as the Federal Reserve assures that big banks' balance sheets can endure potential economic downturns. Consumer spending remains resilient, even as Q1 GDP was revised down to reflect a 0.5% slowdown.
Palantir Technologies has announced a partnership with Accenture to modernize government agency systems using AI, boosting its stock by 5% amid positive market trends.
Despite economic uncertainty, the Nasdaq Composite and S&P 500 reached all-time highs, indicating resilience in key sectors like financials and consumer spending.
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