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Wall Street indexes post record closing highs; Nvidia, tech shares rally
Business World Philippines
|September 24, 2025
All three major US stock indexes registered record closing highs for a third straight session on Monday, led by gains in technology shares, with Nvidia gaining after it said it will invest up to $100 billion in OpenAl.
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Shares of Nvidia gained 3.9%. Nvidia will also supply OpenAL with data center chips, the companies said, which further stoked optimism about AI prospects.
Shares of Apple rose 4.3% after Wedbush raised the stock's target price on strong demand signs for the iPhone 17, while Tesla climbed 1.9%. Technology led S&P 500 sector gains and ended 1.7% higher.
Some Federal Reserve officials made remarks doubting the need for further rate cuts. Last week, the US central bank cut interest rates for the first time since December and indicated more cuts would come at its upcoming meetings.
Diese Geschichte stammt aus der September 24, 2025-Ausgabe von Business World Philippines.
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