AI Drives Nasdaq Higher as Oil Warns of Inflation Return

The Nasdaq 100 spent the first week of June extending its months-long uptrend, fueled by continued enthusiasm for artificial intelligence. The index's gains pulled the broader tech sector higher.

At the same time, oil markets are sending a warning signal about a possible resurgence in inflation. The combination of rising commodity prices and strong equity performance highlights a divergence in market narratives.

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