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U.S. Stocks Surge: Tech Gains and Buyback Boost

1/19/2025

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Summary

Story summary

U.S. stock indexes enjoyed their strongest week in two months, with the S&P 500 up 1% and the Dow up 0.8%.
The Nasdaq composite surged 1.5%, fueled by robust gains from major tech companies.
SLB outperformed expectations, announcing a $2.3 billion stock buyback, leading market momentum.
Falling Treasury yields alleviated inflation worries, enhancing investor confidence ahead of possible Federal Reserve rate cuts.

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Story summary

U.S. stock indexes enjoyed their strongest week in two months, with the S&P 500 up 1% and the Dow up 0.8%.
The Nasdaq composite surged 1.5%, fueled by robust gains from major tech companies.
SLB outperformed expectations, announcing a $2.3 billion stock buyback, leading market momentum.
Falling Treasury yields alleviated inflation worries, enhancing investor confidence ahead of possible Federal Reserve rate cuts.