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Nasdaq Rallies on Strong Tech Earnings Amid Trade War Concerns
Nasdaq Rallies on Strong Tech Earnings Amid Trade War Concerns
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U.S. equities advanced Thursday as robust earnings from Microsoft and Meta Platforms buoyed investor sentiment, offsetting lingering anxieties over escalating U.S.-China trade tensions. The Nasdaq Composite led gains, closing 1.52% higher despite paring earlier advances, with Microsoft surging 7.6% and Meta climbing 4.2% following better-than-expected quarterly results.
Tech’s resilience surprised markets bracing for tariff impacts on cloud computing and digital advertising revenues. The S&P 500 edged up 0.63% while the Dow Jones Industrial Average extended its yearly winning streak with a 0.21% gain, demonstrating remarkable stability amid global growth concerns.
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