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Dow reaches new high as Nasdaq falls
The Dow Jones Industrial Average rose to a new record high, gaining 862 points, fueled by gains in the healthcare and financial sectors. Meanwhile, the Nasdaq declined after Qualcomm reported earnings below expectations, causing its shares to drop by 14%. Chip stocks were also impacted amid concerns over ongoing losses, despite a market trend of investors shifting from technology to other sectors such as healthcare and finance, amid geopolitical tensions and the impact of U.S. employment data.
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