Market Rally and Sector Movements Amid Trade Optimism
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BTCCSquare news:
U.S. equities surged to record highs as Optimism grew over a potential U.S.-China trade deal. The Dow, Nasdaq, and S&P 500 all reached unprecedented levels during intraday trading.
Qualcomm led the S&P 500 after announcing two new AI chips for data centers, signaling continued innovation in semiconductor technology. Keurig Dr Pepper shares also climbed following strong earnings and raised guidance, driven by robust U.S. sales and demand for its energy drinks.
Biopharma saw dramatic movement as Novartis agreed to acquire Avidity Biosciences for $12 billion in cash, though Novartis' U.S.-listed shares dipped slightly. Gold miners including Newmont declined as the precious metal's safe-haven appeal weakened with improving trade relations.
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