Tech Stocks Propel S&P 500 and Nasdaq to New Highs Amid Rate

Tech Stocks Propel S&P 500 and Nasdaq to New Highs Amid Rate Cut Speculation

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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