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During a big week for Big Tech, Meta Platforms and Microsoft shares notched their largest weekly gains in over six months. Is sentiment meaningfully flipping for those beaten-down plays?
The rallies in Meta
META and Microsoft MSFT came as the broad-market mood improved, reflecting investors’ growing expectation that the Federal Reserve will cut interest rates at its December meeting. A rate cut is seen as favorable for technology stocks, and especially for the artificial-intelligence trade. The Nasdaq Composite Index COMP closed the week 4.9% higher, while the S&P 500 SPX climbed 3.7%.
