Markets notch fresh records as earnings loom and AI headlines swirl

U.S. stocks closed at new record highs (S&P 500, Nasdaq 100) as traders brace for big-tech results and a Fed decision, while the UAE announced it is leaving OPEC, introducing oil-supply uncertainty. AI news weighed on tech names after OpenAI reportedly missed revenue and user targets, and Microsoft and OpenAI unveiled a revised deal ending revenue sharing and exclusive model access. Google also agreed to a classified AI deal with the Pentagon amid employee opposition. The week’s action included memory/data-center momentum and varied earnings from GM to Spotify, painting a busy, data-driven picture for markets facing both macro and AI-specific catalysts.