#U.S. stocks mixed#

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Overview

U.S. stocks closed mixed on Tuesday, with the Nasdaq Composite down 0.06%, the S&P 500 up 0.16%, and the Dow Jones Industrial Average up 0.25%. Chip stocks underperformed, with AMD falling more than 4%, Micron Technology and TSMC down more than 2%. Gold stocks, however, performed strongly, with Kinross Gold and Newmont Corp. rising more than 4%.

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Analysis

U.S. stocks closed mixed on Wednesday, with the Nasdaq Composite down 0.06%, the S&P 500 up 0.16%, and the Dow Jones Industrial Average up 0.25%. Chip stocks underperformed, with AMD falling more than 4%, Micron Technology and TSMC down more than 2%. Gold stocks, however, performed strongly, with Kinross Gold and Newmont Corporation rising more than 4%. Overall, the market was mixed, with investors cautious due to expectations of further interest rate hikes by the Federal Reserve and concerns about the economic outlook.

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Classic Views

US stock market performance diverged, with some indexes rising and others falling.

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The Nasdaq index fell, with chip stocks performing poorly.

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The S&P 500 index and the Dow Jones Industrial Average rose.

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Gold stocks performed strongly.

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