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Dow Jones Edges Higher on Retail Strength as Tech Sector Drags Broader Markets
Dow Jones Edges Higher on Retail Strength as Tech Sector Drags Broader Markets
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BTCCSquare news:
U.S. equities showed divergent performance Tuesday with the Dow Jones Industrial Average eking out a 0.02% gain to 44,922.39 despite significant tech sector weakness. Home Depot's tariff strategy shift provided unexpected support to the industrials-heavy index, even as the company warned of coming price increases amid softening demand for major home projects.
The Nasdaq Composite plunged 1.46% as semiconductor stocks led the decline, while the S&P 500 dropped 0.58% in a broad tech selloff. Retail earnings season gains momentum this week with Lowe's, Target and Walmart poised to follow Home Depot's mixed results.
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