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Rare earth metals and minerals stocks moved higher as China appears to be limiting supply. MP Materials, LAC, and TMQ all showed early gains before pulling back. China dominates rare earth production, critical components for electronics manufacturing. Costco jumped on strong monthly sales data, with digital demand driving growth. The retailer's positive performance comes despite broader consumer spending concerns, suggesting potential for further stock appreciation. DoorDash announced a partnership with sidewalk robot developer Servrobotics for deliveries in Los Angeles, signaling expansion of automation in the delivery sector. The dollar strengthened in a four-day rally, approaching par ($100) on the DXY index, pressuring currencies, gold, stocks, and oil.
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