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US stock indices experienced a sharp reversal on Thursday, with the Dow Jones dropping over 350 points, while the S&P 500 fell 0.4% and the Nasdaq Composite declined 0.2% after both hit record intraday highs. Amidst the volatility, Apple shares touched a new all-time high of $290.33, surpassing its previous peak. However, technology and semiconductor stocks faced significant pressure, including declines in Amazon, Broadcom, and Micron Technology. This market shift occurred as oil prices rebounded from earlier losses, with investors shifting focus toward potential negotiations between the U.S. and Iran. Market participants remain cautious as they weigh geopolitical developments and corporate earnings against overall risk appetite.
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