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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.
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.