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Broader market trade is still mixed, but semiconductor stocks continue to rise. Led by NVIDIA (NVDA 24.01, +0.54), the group is now up 1.2%.
Despite strength among semiconductor issues, the tech sector is only up 0.2%. That's mostly due to weakness in shares of Tellabs (TLAB 5.63, -0.16) and eBay (EBAY 33.97, -0.54).
Defensive-oriented issues like telecom and utilities have come under a rather pronounced spell of selling pressure in recent trade. Those sectors are down 0.8% and 0.9%, respectively.
Advancing Sectors: Energy (+0.8%), Materials (+0.7%), Tech (+0.1%), Industrials (+0.1%)
Declining Sectors: Utilities (-0.9%), Telecom (-0.8%), Consumer Discretionary (-0.4%), Consumer Staples (-0.4%), Health Care (-0.1%)
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