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U.S. stocks advance on healthcare, tech drops
U.S. stocks rose, offsetting losses in the tech sector thanks to strong performance by healthcare stocks, amid improving sentiment regarding the Middle East. The S&P 500 index increased by 0.4% to reach 7,584.82 points, while the Dow Jones rose by 1.7% to close at 51,562.30 points, hitting a new record high. Meanwhile, the Nasdaq slightly declined to 26,830.96 points. The earnings results from Broadcom caused its stock to fall by 12.6%, despite an increase in its annual revenue, as the future outlook did not meet market expectations, impacting the share performance of other semiconductor companies.
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