Big Tech’s $200 Billion Surge Leads Stock Market Rally—But Rate-Fueled Optimism May Be Fleeting
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Topline
Stocks rose broadly Friday on the back of a massive rally from technology titans as investors yet again latched onto hopes that the Federal Reserve’s rate hike campaign will soon conclude, though one economist says the “unprecedented” macroeconomic conditions mean rate optimists shouldn’t be so sure the central bank will relent any time soon.
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