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Chip Stocks Bounce Back, Fueling Nasdaq Rally
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All three major indexes closed in the green Monday as chip stocks roared back. The tech-heavy Nasdaq notched a more than 1.1% gain and the S&P 500 rose 0.7% in the first trading day after the Fourth of July holiday. The Dow also closed in the green, up 156 points, or 0.3%, hitting a new record close for its second consecutive trading session.