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U.S. stocks surged, with the Dow and S&P 500 achieving their eighth consecutive session of gains, fueled by robust earnings from Microsoft and Meta, which alleviated concerns regarding AI spending. Microsoft's surge briefly positioned it as the world's most valuable company, while Meta's strong advertising performance boosted its revenue.
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News and Media
President Trump dismissed National Security Advisor Mike Waltz, appointing Secretary of State Marco Rubio as interim replacement. Waltz will be nominated as U.S. ambassador to the U.N. This shake-up follows internal criticism and a Signal app scandal, contributing to broader personnel turmoil within Trump's national security establishment, impacting morale and expertise.
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News and Media
In the March quarter, DII holdings rose 73 basis points (0.73 percentage point) to 17.62%, while FPI holdings edged down 2 basis points to 17.22%, showed data compiled by primeinfobase.com. FPIs held 20.71% ten years ago, more than the then combined 18.47% holding of DIIs, retail investors and high-net-worth individuals.
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News and Media
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