Stock Market Update: Dow Declines While Alphabet Boosts Nasdaq After Quantum Chip Announcement

Reported 1 day ago

U.S. stocks exhibited mixed signals as the Dow fell by 0.3% while the Nasdaq rose approximately 0.4% following Alphabet's announcement of a breakthrough in quantum computing with its new Willow chip, leading to a 5% increase in its stock. Investors remain cautious ahead of a key consumer inflation report, which is vital for future interest rate decisions. Additionally, Oracle shares dropped 7% after posting lower-than-expected quarterly revenue, while other stocks like Walgreens rose significantly amid potential buyout talks.

Source: YAHOO

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