The S&P 500 and Nasdaq achieved record highs for the fourth consecutive session, driven by strong technology shares. Despite a rise in U.S. unemployment claims, lower producer prices have fuelled hopes for a Federal Reserve rate cut in September. Broadcom and Nvidia shares soared, highlighting the tech sector's dominance.
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Most U.S. stocks fell, but hopes for coming cuts to interest rates and Wall Street’s continued frenzy around artificial-intelligence technology nudged indexes to more record highs. The S&P 500 rose
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