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U.S. Stocks Edge Higher Amid Debt Concerns; Tech Leads Gains
U.S. Stocks Edge Higher Amid Debt Concerns; Tech Leads Gains
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U.S. stock indices posted modest gains on Thursday, defying rising bond yields and mounting concerns over government debt. The Dow Jones Industrial Average climbed 0.36% to 42,013 points, buoyed by tech giants Nvidia, Amazon, and Microsoft. Apple bucked the trend with slight losses.
The S&P 500 ROSE 0.31% while the Nasdaq outperformed with a 0.59% gain, reaching 21,203 points. Treasury yields crossed 5%, reflecting muted investor appetite for long-term debt despite higher rates.
Market resilience suggests investors remain focused on corporate earnings potential rather than macroeconomic headwinds. The tech sector continues to drive momentum, though debt ceiling negotiations could introduce volatility in coming sessions.
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