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US stocks fluctuate amid tech sector pressure
The U.S. stock markets closed with mixed results, with major technology stocks falling sharply. The Nasdaq index declined by 1.3% after Alphabet's stock dropped 5%. Meanwhile, the Dow Jones Industrial Average rose by more than 0.2%. Shares of Amazon, Meta, and Nvidia also declined, while Micron Technology's stock reached record levels ahead of its quarterly results. Markets are closely monitoring developments in the peace talks between the United States and Iran, as Iran announced encouraging progress and a roadmap agreement, which eased concerns over potential U.S. military threats. Investors are also preparing for the release of the May Personal Consumption Expenditures (PCE) Price Index data, amid ongoing discussions about the continued increase in interest rates.
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