US STOCKS AND BONDS RALLIED AS FALLING OIL PRICES EASED INFLATION CONCERNS, HELPING MARKETS ABSORB THE FEDERAL RESERVE’S FIRST RATE HIKE SINCE 2023.

THE S&P 500 GAINED 1.1%, ITS STRONGEST ADVANCE IN SIX WEEKS, WHILE THE NASDAQ 100 CLIMBED 1.7%. SEMICONDUCTOR STOCKS LED THE GAINS, WITH A KEY INDUSTRY INDEX RISING 3.1%.

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