The three major U.S. stock indices all closed lower, with the Philadelphia Semiconductor Index down 4.58%.

Everyday AI Express: The three major U.S. stock indices all closed lower, with the Nasdaq down 1.02%, the S&P 500 down 0.94%, the Dow Jones Industrial Average down 0.83%, and the Philadelphia Semiconductor Index down 4.58%. Most large tech stocks declined, with Intel down over 5%, Tesla down more than 2%, Nvidia down over 1%, while Google and Apple saw slight declines; Microsoft rose over 1%, Amazon and Netflix saw small gains. Target surged 6.7%, its largest single-day increase since April 9, as the company unexpectedly issued optimistic earnings guidance amid improving demand.

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