U.S. stock indexes rose as signs of easing price pressures raised hopes the Fed could end its tightening campaign soon.
weighed on the S&P 500 and the Nasdaq. Microsoft's stock on Thursday closed at its highest level ever.edged up 0.1% after Morgan Stanley hiked its price target and named the chipmaker its top pick among U.S. semiconductor firms.S&P 500 fell 0.36% to end the session at 4,409.77 points.
The Nasdaq declined 0.68% to 13,689.57 points, while the Dow Jones Industrial Average declined 0.31% to 34,301.03 points. Volume on U.S. exchanges was heavy amid the simultaneous expiration of stock options, stock index futures and index options contracts. Nearly 17 billion shares were traded, compared to an average of 11 billion shares over the previous 20 sessions.
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