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Tech Stocks Soar, Santa Claus Rally Ahead
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US stocks closed the week on a high, driven by tech companies gains, particularly in AI-related shares, following Microns positive forecasts and Nvidias potential China chip shipment. Oracle surged after TikToks US deal with ByteDance. Despite some consumer stocks downturn, traders bet on Fed rate cuts, indicating a cautious market optimism for the year-end.
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