Chip, growth shares lift S&P 500, Nasdaq to record highs

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Reuters

By Lewis Krauskopf, Devik Jain and Shashank Nayar (Reuters) – The S&P 500 and Nasdaq rose on Thursday, extending their streaks of record high closes to six sessions, as chipmaker stocks surged following Qualcomm’s strong financial forecast and investors digested the Federal Reserve’s decision to start reducing its monthly bond purchases. The Dow Jones Industrial Average posted a slim loss, ending its streak of record closes at four. Declines in shares of banks JPMorgan Chase & Co and Goldman Sachs Group weighed on the blue-chip index. Financials dropped 1.3%, most among S&P 500 sectors, as U.S…

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