US equity markets posted modest gains today, with the S&P 500 rising 0.5% and the Nasdaq Composite advancing 0.8%. Technology stocks led the rally, with the Nasdaq 100 rallying 1.3% earlier in the session. Tech rebounded from AI concerns with Nvidia leading the Mag 7 stocks higher after Meta (+0.6%) agreed to deploy millions of Nvidia (+2.2%) processors over the next few years. In contrast, defensive sectors lagged with Utilities and Telecoms performing the weakest. Stocks trimmed some gains af…
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