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Tech Rally Drives Market Up | Odessa News
The stock market surged yesterday as the S&P 500, Dow Jones, and Nasdaq all jumped over 1%, fueled by a tech rally led by Microsoft, Apple, and Meta. Nvidia’s $13B acquisition of AI platform Hugging Face sent waves through the sector, while oil prices flirted with volatility amid U.S.-Iran tensions but ended flat. Bond yields dipped slightly, easing pressure on mortgage rates, and Fed Governor Christopher Waller hinted at a possible pause in rate hikes if inflation cools. Today’s critical August jobs report and next week’s inflation data will shape the Fed’s path forward. Tech earnings…
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