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US stocks end weekly higher on tech gains and oil dip
U.S. stocks rose at the end of a week marked by market volatility, with the S&P 500 and Nasdaq each increasing by 0.5%, while the Dow Jones gained approximately 479 points (0.9%). Support came from gains in tech stocks such as "Akamai Technologies," which rose 5% after signing an agreement with "Anthropic," in addition to a decline in oil prices, with futures dropping over 2% due to optimism about the potential re-opening of the Strait of Hormuz amid Iran's request for the U.S. to return to a previous memorandum of understanding. Meanwhile, U.S. 10- and 30-year Treasury bond yields hit their highest levels in years, amid a 66% probability of interest rate hikes in October, amid rising geopolitical tensions and energy prices. The market demonstrated resilience in the face of rising yields.
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