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stocks closed mixed on Friday, with the Dow dropping more than half a percent.
The Philadelphia semiconductor index reached a record high, led by gains in Broadcom and Nvidia.
KEY POINTS
- CoreWeave shares surged nearly 11% after announcing a multi-year agreement with Anthropic.
- U.S.-listed Taiwan Semiconductor Manufacturing rose 1.5% after surpassing first-quarter revenue forecasts.
- The consumer price index showed the largest monthly jump in nearly four years, driven by energy prices.
- University of Michigan data revealed consumer sentiment hit a record low, lowest since May 1980.
COMPANIES
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