Wednesday marked the index's second consecutive record close, with a gain of 480.44 points following Tuesday's 575.45-point advance, both sessions driven by technology, materials, and Strait of Hormuz de-escalation headlines. The index's heavy weighting toward precious-metals producers means part of this week's record run reflects gold's own rally rather than broad-based economic strength. Wednesday's close came in the same session gold itself posted its largest single-day gain of the week.
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