Wall Street, it seems, only has eyes for artificial intelligence and interest-rate cuts. Futures on major U.S. stock indexes were up, modestly but confidently, even as the federal government lurched into the sixth day of a shutdown. Markets, it seems, have chosen to look past Washington's dysfunction and instead fixate on the promise of AI and the possibility of cheaper money. It's a combination that, for investors, is proving almost as intoxicating as a bull market in the late 1990s, minus the dial-up tones.
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