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busy economic data weekYahoo Finance
•88% Informative
After rallying more than 2% on Thursday , the Nasdaq closed up about 0.2% on Friday .
The best week of the year for all of the major indexes and the best week for stocks since November .
Investors have now pared back some of their more dramatic bets on rate cuts from the Federal Reserve this year .
Nvidia earnings due later this month could be the next big catalyst for Big Tech and the AI trade overall.
The chip company's performance could turn around the struggling AI trade more than any hyperscaler.
Nvidia 's Hopper AI chips are the most sought-after on the market, and the firm controls 80% of the market for high-powered AI chips.
A busy economic data week played a pivotal role in the stock rebound this week .
The latest data prints have shown inflation continues to fall toward the Fed 's 2% goal.
A quiet week of economic data will bring little to change that narrative next week .
Federal Reserve Chair Jerome Powell 's speech at Jackson Hole Symposium could alter market expectations for the Fed .
VR Score
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94
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