U.S. markets advanced while global stock exchanges fell, with investors focused on Palantir’s quarterly earnings expected today. President Trump called off a planned strike on Iran, promising an imminent deal on the Strait of Hormuz and Iran’s nuclear program. Brent crude oil retreated to $83 per barrel from a high of $91 on Friday. The Federal Reserve is expected to raise interest rates in September, with odds estimated at 65% by CME Fedwatch. Meanwhile, artificial intelligence is boosting U.S. GDP growth while compressing wages, particularly for lower-income workers.
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