Wall Street closes higher as megacap tech surges, chips lag and gold extends its breakout
Executive summary: U.S. stocks finished higher in a broad advance led by the Dow, S&P 500 and Nasdaq, but the session was not a clean risk-on move. Apple and Microsoft posted outsized gains, while the SOXX chip ETF and XLK tech sector slipped, showing a split between megacap winners and the broader semiconductor complex. Gold, silver, palladium and bitcoin all climbed, while WTI crude and energy shares fell, pointing to a market that favored defensive and alternative assets alongside select growth names. [Continue Reading]
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