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[Dow Jones hits record high at U.S. stock market close, AMD rises 9%] U.S. stocks closed on Wednesday, with the Dow Jones initially up 0.68%, hitting a new intraday high; the S&P 500 index edged up, while the Nasdaq fell 0.26%. Airline stocks broadly rose, with United Airlines up 5%. AMD rose 9%, Oracle fell nearly 4%. The Nasdaq Golden Dragon China Index closed down 1.46%, Tencent Music fell 8%, and Alibaba fell nearly 2%.

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