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Nasdaq scales new peak; Fed caution keeps S&P 500, Dow muted

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Reuters

By Devik Jain (Reuters) – Technology stocks nudged the Nasdaq to a record high on Wednesday, while a fall in healthcare shares and caution ahead of the Federal Reserve’s annual symposium kept broader markets subdued. Healthcare, consumer staples and utilities – sectors usually considered safe bets by stock market investors – were among the top decliners. The financials index rose 0.9%, while growth stocks Google-owner Alphabet Inc, Facebook Inc, Tesla Inc and Nvidia Corp gained between 0.2% and 2.8%, providing the biggest boost to the Nasdaq. The benchmark S&P 500 posted its 50th record high c…

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