US stocks: Nasdaq rallies again while yen falls despite BOJ rate hike
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Resurgent AI shares lifted the Nasdaq for a second straight session, with major gains from Nvidia, AMD, Alphabet, and Micron Technology. The Dow and S&P 500 also advanced. The Bank of Japan hiked interest rates to a 30-year high, but the yen fell following cautious comments from BoJ Governor Ueda. Russia's central bank cut its benchmark rate to 16%, while the Bank of England cut rates and the ECB left rates unchanged. Oracle shares surged on a TikTok joint venture deal, while Nike shares fell due to poor sales in China.
Source: Businesstimes The copyright of this article belongs to the original author/organization.
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