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Wall Street Closes Winning Week as Nasdaq Hits Record High
Wall Street Closes Winning Week as Nasdaq Hits Record High
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BTCCSquare news:
U.S. equities rallied to close a strong week, with the Nasdaq Composite notching its second consecutive record high. The Dow Jones Industrial Average rose 0.5%, while the S&P 500 gained 0.8%, nearing all-time highs. Market sentiment improved following President Trump's nomination of Stephen Miran to the Federal Reserve Board and the administration's clarification on Gold tariff policies.
Gold futures retreated from record highs after the WHITE House announced plans to issue an executive order addressing confusion around tariffs on Swiss gold imports. The nomination of Miran, currently chairman of the Council of Economic Advisors, helped stocks pare earlier losses triggered by the implementation of new global tariffs.
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