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Tech Stocks Lead Market Gains as Electronic Arts Goes Private in $55B Deal
Tech Stocks Lead Market Gains as Electronic Arts Goes Private in $55B Deal
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BTCCSquare news:
Major U.S. equities indexes advanced as tech stocks rallied, with Electronic Arts surging after agreeing to a $55 billion take-private deal. A consortium including Saudi Arabia's PIF and Jared Kushner's Affinity Partners will acquire the gaming giant.
Storage stocks Western Digital and Seagate jumped on raised price targets, with analysts citing AI-driven demand tailwinds. Freeport McMoRan gained alongside record Gold prices and copper futures recovery.
Energy stocks declined after OPEC+ signaled production increases, dragging ConocoPhillips and Diamondback Energy lower. Intel slipped after TSMC denied partnership talks.
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