Tech stocks end up, Nasdaq gains for 7th week
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U.S. technology shares rose on Friday, sending the Nasdaq Composite index to its seventh straight week of gains as investors bought semiconductor shares, including Intel Corp. amid signs of growth in the economy.
A government report showed robust U.S. job growth in November, slightly above market expectations, but the report also revived concerns that too much growth could prompt the Federal Reserve to continue raising interest rates to keep inflation in check.
U.S. technology shares rose on Friday, sending the Nasdaq Composite index to its seventh straight week of gains as investors bought semiconductor shares, including Intel Corp. amid signs of growth in the economy.
A government report showed robust U.S. job growth in November, slightly above market expectations, but the report also revived concerns that too much growth could prompt the Federal Reserve to continue raising interest rates to keep inflation in check.
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