Tech Lifts Nasdaq as Boeing Drags Down Dow; All Eyes on Bitcoin Ahead of SEC Ruling
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Stocks recovered some early losses but the Nasdaq was the only major index to close higher, boosted by big tech names. Boeing shares extended losses after more airlines found issues with 737 Max jets.
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Oil rebounded and Treasury yields slipped while Bitcoin held steady ahead of a key SEC decision on a spot Bitcoin ETF.
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The Nasdaq gained, helped by cybersecurity and chip stocks. The Dow fell, dragged down by Boeing and oil companies. Match Group surged on news of Elliott taking a stake.
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HPE shares plunged on reports it may buy Juniper Networks. Microchip shares rebounded as analysts predicted benefits from an "analog renaissance."
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Boeing faces more scrutiny after additional airlines found problems with 737 Max jets. All eyes are on Bitcoin ahead of the SEC's ruling on a spot Bitcoin ETF this week.