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S&P 500 Posts Strong Weekly Gain Amid Tech Rally and Easing Trade Tensions
S&P 500 Posts Strong Weekly Gain Amid Tech Rally and Easing Trade Tensions
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The S&P 500 rose 0.7% on Friday, capping a 5% weekly gain—its strongest performance since November 2023. Tech stocks led the charge, with Nvidia surging 15% and Meta climbing 7%, while the Dow Jones Industrial Average added 331 points. Optimism prevailed despite weak consumer sentiment data, fueled by a 90-day U.S.-China tariff pause and easing trade friction fears.
Nasdaq outpaced peers with a 6% weekly jump, though Friday’s rally lost steam after disappointing Michigan sentiment figures. Market momentum now hinges on inflation trends and corporate earnings, with megacap tech stocks remaining the primary driver of equity gains.
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