US Stocks Rally on Tech and Chip Gains
Wall Street has shown significant strength as major US stock indexes, including the S&P 500 and Nasdaq, recorded weekly gains driven primarily by enthusiasm in the technology sector and optimism surrounding AI. Notably, SK Hynix made a spectacular debut in US trading, contributing to a surge in chip stocks. The Nasdaq and S&P 500 closed higher, with the former benefiting from robust chip performance despite geopolitical tensions. The overall market sentiment suggests a continued appetite for tech winners, with investors looking forward to upcoming earnings seasons.
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