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Nasdaq Gains on Semiconductor Rally
Wall Street's markets experienced a rebound following a fierce sell-off last week, led by technology stocks, especially those in chips and artificial intelligence, which rallied towards the end of the day. The Nasdaq Composite rose by 290.85 points (1.11%) to close at 26,430.89, while the S&P 500 increased by 32.48 points (0.42%) to reach 7,691.07. This recovery comes after the steepest decline since October 2008, amid anticipation of earnings reports from major companies such as Meta, Tesla, and SpaceX, as well as tensions related to the impact of rising interest rates on AI investments.
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