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Russell 2000 Hits Record High Amid Fed Policy Shift; Tech Stocks Rally on Nvidia-Intel Deal
Russell 2000 Hits Record High Amid Fed Policy Shift; Tech Stocks Rally on Nvidia-Intel Deal
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BTCCSquare news:
The Russell 2000 surged to a historic intraday peak of 2,470.2 points on Thursday, eclipsing its 2021 record. Small-cap stocks completed a dramatic 42% rebound from April's tariff-driven lows, fueled by renewed Fed accommodation. Risk appetite returned as the S&P 500 defied seasonal trends with a 2.5% September gain—a month that typically sees declines.
Tech stocks led the charge with Nvidia's $5 billion investment in Intel sparking a 23% single-day rally for the chipmaker. The Nasdaq 100 climbed 1% while the Russell 2000 closed 2.5% higher. Market sentiment found additional support from FedEx's upbeat earnings guidance and a sharper-than-expected drop in jobless claims.
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