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S&P 500 Surges Past 1% as Falling Yields and Dovish Fed Remarks Boost Stocks

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The Story

News Summary

  • US stocks rallied with the S&P 500 up over 1% as Treasury yields retreated.
  • Fed Governor Waller suggested interest rate hikes are unlikely if inflation cools.
  • Tech and credit-sensitive equities led gains, with Microsoft, Meta, and Tesla surging, overshadowing declines in chipmakers like Broadcom.
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META price history

648.03 +5.98% over the displayed period

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