US stocks closed the week on a high note ahwad of the Federal Reserve's highly anticipated interest rate cur next week. Meanwhile the Nasdaq Composite saw its best week of the year as the tech sector bounced back.
Nvidia in particular is up nearly 16% after comments from CEO Jensen Huang renewed confidence in AI chip demand.
The S&P 500 and Dow Jones are close to all time highs. A large number of leading stocks flashed buy signals. Investors are upbeat about the cuts and artificial intelligence, the two big catalysts for the stock market rally this year. The S&P rose 5% to climb within 0.7% of its all time high reached in July. The Dow Jones Industrial Average added 0.7% and also traded close to its own record high. The Nasdaq rese 0.7%
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