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Technology shares were boosted by renewed optimism over AI, with Meta Platforms' stock soaring more than 11%. However, rising oil prices and bond yields limited broader market gains. The dollar also rose against the yen as hopes for a Bank of Japan rate hike faded.
Tech shares moved higher on renewed AI optimism, with Meta boosted by interest in its Muse AI. Broader equities struggled as oil rose back above $100 a barrel and bond yields headed higher.