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International Business Times
International Business Times
Business
Panos Mourdoukoutas Ph.D.

Tech Stocks Get Another Boost From Nvidia, As The Rest Of The Market Retreats On High Interest Rates — What Is Next?

Last week, Nvidia gave another boost to U.S. technology stocks, while the rest of the market pulled back amid ongoing concerns about high interest rates.

The S&P 500 closed at 5,304.72, unchanged for the week; the Dow Jones was 39,069.52, down 1.40%; and the tech-heavy Nasdaq was at 16,920.79, up 1.40%. That's a partial pause from a multiple-week rally, which brought all equity indexes at or near all-time highs, thanks to robust earnings from big technology companies.

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