Tech Stocks Rise as Fed Hike Expectations Cool — SkimNews
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- Technology stocks lifted equities, while Treasuries rose in the same market move.
- Federal Reserve rate-hike expectations cooled, AI sentiment rebounded, and the dollar slipped as markets pared those rate risks.
Why it matters: In the cross-asset market reaction, technology shares and Treasuries posted gains while the dollar declined, and expectations for Federal Reserve rate hikes cooled. Equity holders benefited from a technology-led rise in the session, while dollar holders absorbed the currency move.
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