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US Tech Stocks Rally as Market Anticipates Fed Rate Cuts
US tech stocks rise ahead of anticipated Fed rate cuts, with Nasdaq up 1.2%. Positive earnings reports drive sector optimism.
US tech stocks rallied on the back of optimism surrounding potential Federal Reserve rate cuts. The Nasdaq gained 1.2%, closing at 15,460, as investors priced in a slower pace of rate hikes. Leading tech companies such as Apple, Microsoft, and Google saw strong gains, buoyed by solid earnings reports and a favorable outlook for the sector.