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The S&P 500 and Nasdaq showed gains on Friday, driven by robust performance in chip stocks.
Chip stocks, including Nvidia and Broadcom, led market gains on Friday.
KEY POINTS
- Taiwan Semiconductor exceeded earnings forecasts, contributing to semiconductor sector strength.
- Financial stocks declined due to record-low consumer sentiment and inflation worries.
- Market optimism was supported by ongoing U.S.-Iran peace agreement discussions despite Middle East tensions.
COMPANIES
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