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Tech stocks under pressure, Dow Jones falls after hitting new high of 53289
July 8, 2026
Tech stocks under pressure, Dow hits new high of 53,289 before pulling back
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Amid a sell-off in semiconductor stocks and a rebound in international oil prices, U.S. stocks traded mixed early Tuesday. The Dow opened 48 points higher and extended gains by as much as 233 points to hit a record high of 53,289 before reversing and falling. The S&P 500 fell 0.78%, while the tech-heavy Nasdaq dropped 1.67%. Brokerages recommend buying SpaceX; Morgan Stanley targets $300 Reuters reported that China's DeepSeek is developing its own artificial intelligence (AI) chips. NVIDIA ...
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