45 Days
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Wall Street Wavers as Chip Stocks Decline
The performance of the U.S. stock market has been mixed, with the Dow Jones Industrial Average rising by 0.14%, while the S&P 500 declined by 0.38%, and the Nasdaq fell by 0.80%. The stock market continues to be impacted by rising tensions between the United States and Iran, especially following American airstrikes on Iran, as investors monitor oil movements through the Strait of Hormuz. Despite strong earnings reports from major companies like TSMC, semiconductor stocks remain under pressure due to high valuations and expectations of rising prices. Economic data showed a decline in retail sales and a negative impact on consumer spending on gasoline, although there was an improvement in unemployment benefit claims.
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