S&P 500 Hits All-Time High, Eyes 7,000 Level, As Stock Market Awaits Earnings Avalanche

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The Nasdaq composite and Dow Jones Industrial Average went in opposite directions in the stock market Tuesday. Chip equipment, fiber-optic and data storage stocks soared again, lifting the Nasdaq to another day of outperformance and the S&P 500 to an all-time closing high. But the Dow Jones Industrial Average lagged all day and closed lower by 0.8%. The blue-chip index…

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