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Nasdaq dips amid chip decline and bank reports

Nasdaq dips amid chip decline and bank reports

The Nasdaq index declined at the close of the Wall Street session due to a drop in semiconductor stocks and mixed results from major American banks. Meanwhile, semiconductor shares continued to fall amid concerns over increased global competition and expectations of lower profits for some companies, despite the rally in AI-related technology stocks and forecasts of higher earnings for S&P 500 companies in the third quarter.

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