Profit-taking dominated the stock market as sellers targeted Magnificent Seven stocks following the Nasdaq's historic rise above 20,000. While Adobe plummeted over 10% after disappointing quarterly results, tech firms like Confluent and Ciena thrived, with Upstart rising more than 4%. The Nasdaq composite dipped nearly 0.4%, influenced by higher-than-expected wholesale prices, while the Dow Jones edged up 0.1%, maintaining a 17.3% year-to-date gain.
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