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US stocks closed with all three major indexes recording the best weekly gains of the year, with Nvidia up 19%; Chinese concept stocks performed well on Friday, with JD.com rising over 8%.
The S&P and Nasdaq indexes both stopped their seven-day consecutive gains and fell for four consecutive weeks. Monkeypox concept stocks soared, and chip stock index rose nearly 10% for the week, with Nvidia up nearly 19%, the best in over a year. The entire week saw a cumulative decline in US bond yields and the US dollar, while gold prices rose above $2,500 for three consecutive weeks.
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