⚠️BREAKING: *U.S. STOCKS END MIXED TO CLOSE THE WEEK, NASDAQ SUFFERS 2ND WEEKLY LOSS IN A ROW AMID RISING YIELDS $DIA $SPY $QQQ $IWM $VIX 🇺🇸🇺🇸
) weighed on the semiconductor index, which posted its fourth straight decline and its eighth loss in nine sessions.
"Time will tell if we are correct on this, but with the run that tech has had, it's hard not to want to do a bit of profit-taking," said Ameriprise's Betz. U.S. consumer sentiment dipped in August, yet Americans were optimistic that inflation will edge lower over the next year and beyond, according to a preliminary reading of a University of Michigan survey.
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