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Stock Market Today, June 4: Broadcom Drags on Nasdaq at Midday
The Motley Fool·
Broadcom's disappointing AI-chip guidance triggered a semiconductor sell-off, dragging down the Nasdaq while the S&P 500 and Dow Jones gained on sector rotation and value tailwinds. Healthcare stocks rallied with Eli Lilly and NovoCure posting strong gains. The pullback raises questions about AI stock valuations and whether the semiconductor sector's 170% annual rally is cooling.
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