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Tech Stocks Drive Market Rebound Amid Mixed Earnings Results
Tech Stocks Drive Market Rebound Amid Mixed Earnings Results
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BTCCSquare news:
US equities snapped a losing streak as Apple's 5% surge propelled the Nasdaq Composite up 1.21% to 21,169.42. The S&P 500 followed with a 0.73% gain, while the Dow Jones Industrial Average eked out a modest 0.18% advance. This reversal comes after six bearish sessions across major indices.
Semiconductor stocks diverged sharply following earnings reports. AMD tumbled 6% after missing adjusted EPS estimates by a penny and failing to clarify its China export timeline. Server manufacturer Super Micro Computer cratered 18% on both revenue and profit misses, with CEO Charles Liang citing ongoing tariff challenges.
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