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1:34Now PlayingThe world’s largest technology companies drove stocks to all-time highs, while bond yields fell with traders almost fully pricing in two Federal Reserve rate cuts in 2024. The S&P 500 hit its 25th record this year, while the tech-heavy Nasdaq 100 climbed 2%. Nvidia Corp. — the poster child of the artificial-intelligence frenzy — led a rally in the “Magnificent Seven” megacaps to top $3 trillion in value.
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