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Dow Jones gains 400 points on tech strength
The U.S. stock markets rose significantly after a sharp decline, with the technology sector leading the gains. The Dow Jones Industrial Average increased by 410 points (0.8%), the S&P 500 by 1.2%, and the Nasdaq by 1.5%. This came after the Federal Reserve's decision to raise interest rates by a quarter of a percentage point, which caused the yields on 10-year Treasury bonds to drop to 4.949% and oil prices to decrease to around $100-$102. The biggest support came from major technology companies like NVIDIA, Amazon, and Microsoft, amid market stability fueled by a decline in concerns over oil supply disruptions.
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