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Stocks started the week on a positive note as crude oil retreated from a six-month high and investors awaited a busy slate of tech earnings for a steer on the artificial intelligence trade.
The earnings season, which began earlier this week, is off to a strong start, with most companies reporting solid results and raising their guidance. At the same time, expectations for a Federal Reserve interest rate hike have eased after the United States released encouraging consumer and producer inflation data. So w