Equity Tips:- Wall Street Ends Mixed As Investors Eye Earnings

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Wall Street ended mixed on Monday as concerns about soft smartphone demand weighed on tech stocks and pulled the Nasdaq lower while earnings optimism protected against deeper losses.

 

Tech stocks dragged on both the S&P 500 and the Nasdaq ahead of a big week of earnings for the sector. Shares dropped after the world's largest contract chipmaker, Taiwan Semiconductor Manufacturing Co Ltd , cut its full-year revenue target due to softer demand for smartphones.

 

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