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Stocks Get Tech Boost; Comcast to Spinoff NBCUniversal & Sky | Closing Bell
Posted
June 29, 2026
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June 29, 2026
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9:09Now PlayingWatch comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec.
A rally in several technology giants lifted stocks as the recent artificial-intelligence selloff lured buyers betting the industry’s investment boom will continue to support solid corporate earnings.
In the final stretch of what’s set to be the best quarter for equities in six years, the S&P 500 rose 1.2% while the Nasdaq 100 climbed about twice as much. A gauge of the Magnificent Seven megacaps, which has largely underperformed the market this month, gained 2.6%. In a volatile session, chipmakers rebounded after posting their worst week since April 2025.
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