Stock Market Rotates Into Staples As Tech Sell-Off Hits Software, Chip Stocks

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Another wave of selling in the software sector and a bad day for semiconductor stocks knocked the Nasdaq composite below its 50-day moving average in the stock market Tuesday. The selling in the Nasdaq came despite another exceptional earnings report from Palantir Technologies (PLTR), which rallied 6% but stopped short of reclaiming its 200-day moving average. Palantir is tracked in…

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