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Wall St ticks higher as recovery in growth stocks offsets mixed earnings

Delta Air Lines jumps on profit forecast; BlackRock up after profit beats estimates, JPMorgan down after profit falls 42%

Wall Street
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(Photo: AP/PTI)

Reuters
US shares rose on Wednesday as a recovery in growth stocks and strong results from Delta Air Lines offset declines in JPMorgan after the bank reported a slump in quarterly profit.

Megacaps Apple Inc and Meta Platforms Inc rose 0.6% each, while Nvidia Corp and Advanced Micro Devices Inc rose 2.4% and 2.3%, respectively, after chipmakers' shares got battered this week.

The Philadelphia semiconductor index dropped nearly 21.8% and the tech-heavy Nasdaq lost 14% so far this year as market-leading growth and technology stocks came under pressure on signals from the U.S. Federal Reserve that it will hike rates aggressively to control

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