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Argus

Argus

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Oct 16, 2026

Market Digest: TSM, PNC

Sector(s)

Financial Services, Technology

Summary

U.S. stocks pulled a U-turn on Thursday, erasing early session losses to close higher. Treasury yields fell and chip stocks reversed losses that had been fueled by AI financing agita. Of particular note, the Nasdaq finished the day up 0.08% after starting the day deeply in the

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