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The U.S. stock market rally, driven by optimism surrounding AI and peace prospects in Iran, has pushed the S&P 500 to critical technical milestones, specifically the Gann Line located near 7,300, which could either lead to a significant upward surge or set the stage for a market decline if not surpassed. #StockMarket #Investing #AIEconomy #US #IR
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Mapping the Market: S&P 500 may be gearing up for even more aggressive rally phase
May 7 (Reuters) - The U. S. stock market rally has gone into overdrive, fueled by AI optimism and euphoria over Iran-war peace hopes, which has brought the S&P 500 to the verge of an important set of technical analysis milestones that could signal an even more aggressive--but also potentially riskier--phase of gains.