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US Stock Rally Loses Steam After Fed Rate Cut Enthusiasm Fades

US stocks saw a mixed performance on Monday. While tech giants like Nvidia and Intel boosted the Nasdaq and S&P 500, overall gains were limited. The S&P 500 dipped slightly, despite a strong Friday showing. This followed a decrease in optimism surrounding potential interest rate cuts. The 'Magnificent Seven' tech stocks showed modest growth, with Nvidia rising significantly before its earnings report.

Prepared by Christopher Adams and reviewed by editorial team.

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