Just a few months ago, the stock market was teetering on the edge of a bear market. Now, giddiness has returned, pushing up the share prices of many companies to new highs.It has been an uneven year, with excitement over artificial intelligence and other themes overpowering a lackluster economic backdrop. Consumers aren’t feeling especially buoyant, and many businesses are grappling with tariff uncertainty. The economy stalled in the first quarter of 2025, with the Gross Domestic Product slipping 0.5%. Meanwhile, job growth has slowed, including in Arizona, where layoffs are mounting.
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