
U.S. stocks closed higher with the Nasdaq and S&P 500 posting record closes, led by a strong rally in chip stocks. Nvidia's upbeat revenue guidance and large share repurchase announcement likely fueled the chip-led gains, and fresh sessions show the Nasdaq again powering advances as hopes for a U.S.-Iran truce boosted sentiment. Earnings-driven strength in names like Snowflake and rallies in retailers such as Best Buy and Dollar Tree broadened the move, while attention to a major IPO filing continued to influence large-cap tech sentiment.
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