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AI Jitters Hit Tech While Bank Gains Lift Dow

The S&P 500 and Nasdaq declined on Friday due to mounting concerns over artificial intelligence trade valuations and chip stocks. Meanwhile, strong gains in major financial shares propelled the Dow Jones Industrial Average to a one-month high.

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FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., August 7, 2026. REUTERS/Jeenah Moon/File Photo

The benchmark S&P 500 fell 0.09% to 7,736.76 on Friday afternoon as semiconductor stocks dragged on the broader tech sector.
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