Alphabet, Google’s parent company, exceeded earnings expectations and plans to increase AI spending for the year. The S&P 500 and Nasdaq hit record highs, driven by strong corporate earnings. West Pharmaceutical Services and ServiceNow also saw stock gains after surpassing estimates. Tesla reported a decline in sales, impacting its stock price. IBM experienced a decline in software revenue growth, leading to a drop in shares. Dow reduced its dividend due to economic challenges. Oil futures rose, gold prices fell, and major cryptocurrencies traded higher.

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