Wall Street closes sharply higher as Tesla, chips and tech lead broad risk-on rally
Executive summary: US stocks finished higher in a broad advance, led by a double-digit jump in Tesla and a powerful rebound in chip shares. The Nasdaq Composite outperformed, while the S&P 500, Dow and Russell 2000 also posted solid gains. Energy and some commodities weakened, the dollar strengthened against the yen, and Bitcoin slipped, underscoring a session that favored growth and cyclical risk assets over defensive or commodity-linked trades. [Continue Reading]
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