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Optimism about heavy spending on artificial intelligence has underpinned a rally in Wall Street s most valuable companies, with the S&P 500 trading around record highs.

The dollar weakened against the yen after President Trump announced a trade deal with Japan, involving a $550 billion investment into the U.S. and a 15% tariff on U.S. imports from Japan. Despite uncertainty over global tariffs, currencies traded in a tight range. Concerns about Federal Reserve independence also weighed on investors minds.

Gold prices saw a rise, reaching a five-week high. This increase is due to a weaker U.S. dollar and lower Treasury yields. Investors are watching for progress in U.S. trade talks. Donald Trump announced a trade deal with Japan. U.S. and Chinese officials will meet to discuss trade negotiations. Trump criticized Federal Reserve Chair Jerome Powell.

Oil prices experienced a slight rebound in early trading on Wednesday, halting a three-day decline. This stabilization followed a U.S.-Japan trade agreement signaling tariff progress and a Reuters poll indicating a decrease in U.S. crude stockpiles, suggesting increased demand. Furthermore, potential U.S. sanctions on Russian oil to address the Ukraine conflict added bullish sentiment to the market.

GNG Electronics, a laptop and desktop refurbisher, has secured Rs 138 crore from anchor investors like Goldman Sachs and Motilal Oswal Mutual Fund ahead of its IPO. The IPO, opening July 23, aims to raise Rs 460 crore through a fresh issue and offer for sale, with proceeds allocated for debt payment and working capital.

Michael Saylor s Strategy now controls over 3% of all Bitcoin ever created, acquiring 6,220 more for $739.8 million. The company s total holdings have reached 607,770 Bitcoin, valued at approximately $72 billion. Strategy plans to offer 5 million shares of preferred stock to further fund Bitcoin purchases, as its common shares have surged 3,500% since it began investing in Bitcoin.

Monika Alcobev is ready for its stock market launch on July 23. The IPO aims to raise ₹165 crore. Funds will support working capital and debt repayment. The company is a major importer of premium liquor. It distributes brands like Jose Cuervo. Revenue and profit are up. The IPO values the company at ₹613.47 crore.

Kotak AMC s Harsha Upadhyaya anticipates subdued headline earnings growth this season. Cement and quick commerce sectors show strength. Industrials and defence are also promising. Telecom and aviation sectors are expected to perform well. Specialty chemicals stand out within the chemical segment. Individual stocks may offer better growth than the market average. Discretionary consumption is favored over staples.