Stocks Surge as Tech Sector Recovers Ahead of Fed Rate Cut

Reported 26 days ago

U.S. stocks ended the week strong, buoyed by a significant rebound in the tech sector, particularly the Nasdaq Composite, as it experienced its best week of the year. Nvidia saw a notable rise of nearly 16% following positive remarks from CEO Jensen Huang regarding AI chip demand. This rally occurs just ahead of the Federal Reserve’s expected interest rate cut.

Source: YAHOO

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