The stock market rallied as a softer than expected inflation report raised optimism for a Federal Reserve interest rate cut. Strong economic indicators propelled major indices like the S&P 500 to new record highs. Dave’s shares continued their volatile trend, impacted by news of trade tensions and tech sector underperformance. Other tech giants like Netflix and Texas Instruments also experienced significant declines. Despite the market turbulence, Dave’s stock is still up 186% since the beginning of the year. Investors are advised to consider the impact of generative AI on large corporations when making investment decisions.

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