Chip-deal talk lifts Nasdaq; telecoms weigh on S&P, Dow

(Reuters) - Dealmaking in the chip sector lifted the Nasdaq to a new intraday high on Monday but losses in the telecom sector after the collapse of merger talks between Sprint and T-Mobile weighed on the S&P and the Dow.

Chip-deal talk lifts Nasdaq; telecoms weigh on S&P, Dow
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