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US stocks closed with all three major indexes up, with the S&P and Nasdaq both rising more than 1%; tech stocks surged, with Tesla and Nvidia both up about 5%.
In addition to funds continuing to rotate to small cap stocks, investors also bought tech stocks in US stocks at low prices. The S&P 500 had its best seven-week gain, and the NASDAQ rose 1.6%. Among the seven technology giants, only Apple and Amazon declined, and cybersecurity leader CrowdStrike, which caused a global IT failure, fell by more than 13%, almost wiping out its gains for the year.
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