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Hopes that the Federal Reserve is done raising interest rates turbocharged a broad-based rally, driving prices of everything from stocks to Treasurys and gold sharply higher.
The Dow Jones Industrial Average added 2.4% for the week, notching a fifth weekly gain to mark its longest winning streak since late 2021. The S&P 500 added 0.8% and closed at its highest level since March 2022. The tech-heavy Nasdaq Composite added 0.4%.
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