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Market strategists revise DJIA stock price forecast higher after positive retail sales numbers, expecting a sustained uptrend if industrial production continues its rebound. Since 2022, annual hyperscaler capex spending has “grown fourfold, depleting cash and halting free-cash-flow growth,” she said, citing data from research firm Strategas that forecasts a 16% shrinkage in hyperscaler free cash flow over the 12 months. Investors seemed to be betting that the Federal Reserve will usher in a cycle of lower rates that will boost consumers' wallets, starting with its Wednesday policy decision.
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