Tech Stocks Propel Nasdaq and S&P 500 to Record Highs
TL;DR Summary
US stocks paused on Thursday after a tech-driven rally, with Nvidia continuing to rise and overtaking Apple in market value. Investors are eyeing labor data for signs of potential interest rate cuts, with the S&P 500 and Nasdaq near record highs. Treasury yields edged up, and traders see a higher chance of a September rate cut. Lululemon shares surged 9% pre-market after boosting its profit outlook, while Chipotle CEO Brian Niccol joined Walmart's board.
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