S&P 500 and Nasdaq Climb After Trump Comments on Fed
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Wall Street saw gains on Thursday, with the Nasdaq Composite rising about 1% and the S&P 500 up roughly 0.6%. President Trump's comments on not removing Federal Reserve Chair Jerome Powell eased investor concerns. Technology stocks led the rally, while energy stocks lagged due to falling oil prices. U.S. Treasury yields rose slightly, and positive economic data, including a drop in jobless claims and an increase in the Empire State Manufacturing Index, contributed to a cautiously optimistic market outlook.
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