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Big Tech Stocks Rally on Chinese Tariff Pause and Strong CPI Data
Big Tech Stocks Rally on Chinese Tariff Pause and Strong CPI Data
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Big Tech stocks surged this week, buoyed by early signs of a U.S.-China trade deal and a better-than-expected April CPI report. The S&P 500 North American tech sector index jumped 8.4% over five trading days, while the Nasdaq Composite gained 6.3%.
Microsoft and Nvidia defied sector-specific headwinds, rising 3% and 13% respectively. The rally highlights two critical forces shaping Big Tech: tariff policies and AI adoption. Higher tariffs could force tech firms to raise prices, though the current pause provides temporary relief.
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