Wall Street closes sharply higher as megacap tech, gold and crypto rally, while chips and energy lag
Executive summary: US equities finished broadly higher, led by outsized gains in Tesla, Apple and Meta, while the Nasdaq, S&P 500 and Dow all advanced. The move was supported by strength in megacap technology, banks, gold, silver and bitcoin, even as chip stocks and energy shares slipped. The session points to a market still rewarding large-cap growth and select defensive and hard-asset exposure, with some rotation away from semiconductors and crude-linked names. [Continue Reading]
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