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Tech Sector Pullback Weighs on Nasdaq as Retail and Chip Stocks Outperform

Tech Sector Pullback Weighs on Nasdaq as Retail and Chip Stocks Outperform

Author:

Global Cryptocurrency

Published:

2025-12-03 17:29:02

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BTCCSquare news:

U.S. equities showed divergent performance Wednesday afternoon, with the Dow gaining 0.4% and the S&P 500 edging up 0.1%, while the Nasdaq slipped 0.2% amid a tech sector retreat. Microchip Technology (MCHP) surged nearly 10%, leading S&P 500 gainers after raising guidance on strong bookings.

American Eagle Outfitters (AEO) jumped 15% as celebrity-driven ad campaigns boosted earnings beyond expectations. Discount retailer Dollar Tree (DLTR) ROSE 3% as cost-conscious shoppers drove better-than-forecast results.

Real estate firm Alexandria (ARE) tumbled 7% after cutting its dividend, while media stocks Paramount Skydance (PSKY) and Netflix (NFLX) fell 5% amid acquisition speculation. Healthcare provider Acadia (ACHC) plunged 13% on liability concerns.

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