U.S. stocks turn higher after recent slump
U.S. equities moved mostly higher on Wednesday, regaining some ground after several sessions of pullback. Major averages finished the day higher, though buying interest appeared somewhat subdued.
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U.S. equities moved mostly higher on Wednesday, regaining some ground after several sessions of pullback. Major averages finished the day higher, though buying interest appeared somewhat subdued.
US stocks stayed mostly higher Thursday after lower-than-expected July headline and core producer prices reinforced expectations for a Federal Reserve rate hold next month, while chip shares led gains.
The best inflation report of 2026 landed on Wall Street this week, and the market sold anyway, abandoning the semiconductor trade that has carried the entire rally for three years. By Friday afternoon, the technology sector had slumped 5.2% for the week, marking one of the worst weeks of the year. The iShares Semicondu