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2024

S&P 500 and Nasdaq notch record highs as Nvidia gains

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The S&P 500 and Nasdaq closed at record highs, driven by Nvidia's rise and Powell's rate-cut remarks. Market optimism about AI growth countered Fed rate-cut uncertainty. Major banks saw gains ahead of earnings season. Analysts predict strong Q2 earnings. Tempus AI surged on bullish ratings amidst moderate market activity.