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Megacap tech gains lift major indexes despite chip weakness

The move in large-cap growth stocks was not uniform, with chip stocks lagging even as the index rose.

Reported · Written up by our desk · Indices

WSJ Markets reports that major market indexes advanced, supported by strength in megacap technology names including Apple and other growth stocks.

The gains were tempered by weakness in chip stocks, which undercut the broader tech rally.

The session therefore saw indexes move higher while performance diverged within the technology complex, with chip-related shares taking the hit.

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