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NASDAQ hits new high led by tech
The Nasdaq index rises to a new record high driven by technology stocks, increasing by more than 0.9% to reach 27,450.88 points. This comes amid U.S. 10- and 30-year Treasury bond yields hitting their highest levels in years, and a decline in oil prices. Technology companies like SpaceX, Meta, Microsoft, Nvidia, and Tesla experienced significant gains, with expectations that the sector will maintain its strength despite rising interest rates and limited economic growth.
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