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Kingsbury Strikes Gold to Open Canada’s Medal Count

Canada's Mikael Kingsbury wins Olympic gold in men's dual moguls. Mikael Kingsbury has delivered a landmark moment for Team Canada, capturing the nation’s first gold medal of the Milan Cortina Olympics. The freestyle skiing superstar put down a commanding moguls run, blending speed, precision, and trademark control to secure the top spot. Already regarded as one of the greatest moguls athletes in history, Kingsbury added yet another highlight to his remarkable career. His victory energized the Canadian contingent and set a confident tone for the days ahead. As the flag rose behind him during the medal ceremony, Kingsbury’s performance stood as both a personal triumph and a powerful start to Canada’s Olympic campaign.

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Tech Surge Lifts Nasdaq to Fifth Record as Fed Rate Cut Bets Intensify

 

Wall Street closed Friday on a mixed note, with the Nasdaq Composite climbing 0.5% to secure its fifth consecutive record high, fueled by gains in tech heavyweights and renewed optimism around artificial intelligence. Tesla shares hit a seven-month peak, helping push the index above 22,149.

In contrast, the Dow Jones Industrial Average fell 0.6% after Thursday’s milestone close above 46,000, while the S&P 500 slipped just below the flat line. Despite the Dow’s drop, it still posted its first weekly gain in three weeks, up nearly 1%, while the Nasdaq and S&P 500 logged their best weekly performances since early August.

Investors are positioning ahead of next week’s Federal Reserve meeting, with futures markets pricing in a 90% probability of a quarter-point rate cut and strong odds of multiple cuts before year-end. The shift in sentiment follows a string of economic reports showing labor market weakness — just over 20,000 jobs added last month and jobless claims at a near four-year high — alongside stubborn inflation pressures.

Consumer sentiment also dipped in September, with long-term inflation expectations rising to 3.9% amid concerns over the impact of tariffs. Still, traders appear confident that the Fed will prioritize supporting growth, setting the stage for a potentially market-moving week ahead.

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