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DJIA Faintly Down 11Pts at Close, S&P 500 Secures 3D Rise; Intel Spikes 7%+ on Govt Stake Rumor
The market shrugged off the impact of last month's higher-than-expected U.S. producer prices, stabilizing U.S. stocks on Thursday. The DJIA once dived by 231 points but ended the day slightly down by 11 points at 44,911. The S&P 500 closed up by 1 point at 6,468, securing a three-day upswing. The Nasdaq finished down by 2 points at 21,710.

The U.S. government is reportedly considering taking a stake in chip manufacturer Intel (INTC.US), causing its stock to spike in late trading, ultimately settling up by 7.4%.

Blockbuster techs jumbled, with Amazon (AMZN.US) up by 2.9%; Meta (META.US) and Nvidia (NVDA.US) each up by 0.2%. Apple (AAPL.US) fell by 0.2% and Tesla (TSLA.US) dropped by 1.1%.

Chinese ADRs declined, with Alibaba (BABA.US) and Bilibili (BILI.US) slipping 2-3%. JD.com (JD.US) sagged 2.9%, despite 2Q results beat.
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