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Markets price cautious Fed and stronger CLP
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1 Articles
Markets price cautious Fed and stronger CLP
Stocks shook off a soft open, with the S&P 500 up 0.5% as mega-cap tech led. Alphabet briefly touched a USD 3 trillion market value, and Tesla rose 3.5% after disclosures that Elon Musk bought about USD 1 billion in shares. Washington and Beijing sparred over Nvidia; however, both sides reached an agreement on TikTok’s disposition, which helped the risk tone. The Federal Reserve is set to trim rates by 25 bps, acknowledging softer hiring plans w…
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