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Tech declines drag down Nasdaq and S&P
The Wall Street stock indices showed mixed performance, with the Nasdaq and S&P 500 declining due to losses in major technology stocks, while the Dow Jones Industrial Average gained support from the spread of positive economic data. Apple’s stock retreated after raising the prices of its devices to offset rising chip costs, whereas Micron's shares jumped following better-than-expected earnings that surpassed Wall Street forecasts. Additionally, oil prices rose by 2% after an incident involving a ship near Omani waters, raising concerns about crude flows in the Middle East.
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