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S&P 500 Jumps 1% as Waller Remarks Cool Fed Rate Hike Fears

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The Story

News Summary

  • US stocks rallied over 1% after Fed Governor Christopher Waller signaled a potential rate pause, lowering rate hike odds.
  • Easing Treasury yields and strength across AI and tech shares drove gains, pushing the S&P 500 higher ahead of the upcoming monthly jobs report.
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