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Chip Stocks Lead Market Surge, AI Optimism Boosts Wall Street
Published 1 week ago
Description
Chip stocks surged on Tuesday, driving the Dow Jones Industrial Average to a new record high. Moderna shares also soared after Bank of America raised its price target. Investors overlooked a slight dip in economic data, focusing on upcoming reports and potential Fed interest rate cuts. Oil stocks dipped slightly, while Johnson Controls and AIG fell after CEO announcements. The S&P 500 and Nasdaq gained, with the Dow inching closer to the 50,000 mark.
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