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Forex

Global Stocks Surge as AI Trade Revival Lifts Tech Sector

Guavy AI Editorial Team
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Stocks across the globe rebounded in the previous trading day, driven by a less hawkish stance from the Federal Reserve and strong earnings reports. Microsoft and Lam Research's stellar results propelled the AI trade revival, lifting tech and semiconductor stocks.

The US S&P 500 futures rose 1.6%, while Dow Jones futures added 1.1%. The Nasdaq 100 futures surged 3.4% as capital rotated out of value and defensive names into tech and semiconductors, with the sector gaining 5.5%

European markets closed significantly higher across the board, led by Spain's IBEX 35, Italy's FTSE MIB, and German DAX.

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