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S&P 500 Hits Record High Amid U.S.-China Trade Optimism; Chip Stocks Lead Rally

S&P 500 Hits Record High Amid U.S.-China Trade Optimism; Chip Stocks Lead Rally

Author:

Global Cryptocurrency

Published:

2025-10-28 00:06:03

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BTCCSquare news:

Wall Street extended its rally as the S&P 500 closed above 6,800 for the first time, fueled by Optimism over a potential U.S.-China trade deal. The index rose 1.2% to 6,875.16, while the Nasdaq gained 1.9% to 23,637.46, driven by strength in chipmakers like Nvidia and Broadcom.

Semiconductor stocks outperformed as the sector rebounded from trade-related pressures. Advanced Micro Devices added to gains after announcing a supercomputing partnership with the U.S. government. The rally lacked breadth, however, with rare earth miners declining sharply.

By:

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