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Nasdaq rebounds as chip stocks bounce, Dow dragged lower by Apple: Live updates
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Nasdaq rebounds as chip stocks bounce, Dow dragged lower by Apple: Live updates

Business - Latest - Google NewsΒ·9 days ago
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Traders work at the New York Stock Exchange on Nov. 2, 2026.

NYSE

The Nasdaq Composite rose on Tuesday as investors moved back into key technology stocks after recent pressure and geared up for U.S. midterm election results .

The tech-heavy index jumped 1.1%, recouping some of its latest losses. The Nasdaq-100 also rose 0.9% but still traded in correction territory, still down about 10% from its recent high. The S&P 500 climbed 0.6%, while the Dow Jones Industrial Average traded down 100 points, or 0.2%, weighed down by Apple shares.

Apple fell almost 2% after the iPhone maker issued a disappointing margin forecast late Monday and iPad sales in the fiscal fourth-quarter missed the Street's estimates.

Conversely, shares of chipmakers saw gains. Advanced Micro Devices β€” which releases its third-quarter results after the bell β€” gained 4%, while Broadcom rose more than 3%.…

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