Stock Market Today: Markets Extend Rally as Economic Momentum Spurs Broad-Based Gains
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The S&P 500 closed at a record 6,501.86, with the Nasdaq Composite gaining 0.53% and the Dow Jones up 0.16%. The rally was supported by a revised GDP growth of 3.3%. Technology stocks like Broadcom and Amazon led gains, while Nvidia faced a slight decline despite strong revenue. Earnings were mixed, with Burlington Stores rising and Hormel Foods falling sharply. Market volatility remains low, but analysts caution about potential increases. Investors are awaiting PCE inflation data and retail earnings for insights on economic growth and Federal Reserve policies.
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