Gold slips, Palntir falls on easing tensions, chip stock outlook

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It’s time for Yahoo! Finance’s market minute. Stocks climbing as the S&P 500 is on pace to close at its first record high since February, the Nasdaq composite touching a record intraday session high, and also has its sights set on its own record close. The move comes towards record comes as amid trade talks and bets on Fed rate cuts. Gold taking a tumble after the US and China take a step closer to a full tariff and trade deal. Two nations making a pact to formally cement the informal trade understanding reached in Geneva talks in May. Palantir shares sliding as Middle East conflict eases. President Trump saying during the NATO summit that the conflict in the Middle East was over for now. And chip stocks getting an optimistic outlook at JPMorgan saying that chip makers are set to see growing benefits from rising AI spending. Those beneficiaries include chip makers such as Nvidia, Broadcom, AMD, and Marvell. And that’s your Yahoo! Finance market minute. For more on what’s trending on Yahoo! Finance, scan the QR code below.


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