Chip stocks boosted the Nasdaq to a new intraday high, while the Dow turned lower; pharmaceutical stocks retreated, Chinese stocks were strong, and Alibaba once rose more than 5%.
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The U.S. government shutdown is causing increasingly obvious disruptions to economic data, with major U.S. stock indexes showing mixed performance. Chip stocks have become the main driver of the market’s rise, Chinese concept stocks continue to strengthen, while pharmaceutical stocks—the main driver of gains over the