00:00The S&P 500 and NASDAQ both hitting fresh all-time highs this week, fueled by growing expectations that the Fed will continue to cut interest rates.
00:09Minutes from the Fed's September meeting signaled openness to multiple cuts amid softening job growth and sustained inflation pressures.
00:16Meanwhile, tech and AI-centric stocks led the surge, with AMD jumping over 11% after striking a deal with OpenAI, while NVIDIA climbed on reports of investment ties to XAI.
00:28Oracle, Tesla and Confluent also posting gains, though energy and consumer staples lagged behind.
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