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Tech Rally Offsets Tariff Concerns as Markets Await Jobs Data
Tech Rally Offsets Tariff Concerns as Markets Await Jobs Data
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BTCCSquare news:
Tech stocks propelled U.S. equities higher this week, with Alphabet surging 9% after a favorable antitrust ruling. The NASDAQ's resilience contrasted with lagging energy and financial sectors, underscoring the market's bifurcation. Traders now fixate on August labor data after job openings hit pandemic-era lows—a signal that could prompt aggressive Fed rate cuts.
Lower yields have already eased pressure on growth stocks, but looming tariffs threaten to reignite inflation fears. The coming jobs report may determine whether this tech-led rally evolves into a broader market advance or falters under macroeconomic crosscurrents.
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