US market today: Wall Street steadies after AI-led slump; Target dives on CEO exit while Lowe’s rallies on profit beat

Wall Street showed resilience after a previous decline in AI stocks, with mixed earnings reports influencing market movement. Target’s CEO transition and sales decline contrasted with Lowe’s profit beat and acquisition. Investors are anticipating Federal Reserve Chair Jerome Powell’s speech amid inflation and rate cut considerations. Global markets displayed varied performance, influenced by factors like inflation, exports, and geopolitical tensions.

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