
US stocks jump on rate-cut bets but suffer losses for week

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U.S. stocks ended higher on Friday, with the Dow and S&P 500 up 1% and Nasdaq just under 1%. However, all three indexes posted weekly losses due to concerns over tech valuations. Nvidia's strong earnings initially boosted its shares, but they fell later. Eli Lilly's shares rose as it became the first drugmaker to reach a $1 trillion market cap. Gap's shares surged over 8% after strong Q3 sales and profit.

