India, July 6 -- Technology stocks jumped as Wall Street opened the new trading week on a mixed note, but the Dow Jones Industrial Average erased early gains after breaching the landmark 53,000 level for the first time. The Nasdaq Composite and the S&P 500 rose on strong buying of semiconductor stocks, but a few pricey Dow components dragged on the blue-chip index while investors also looked out for upcoming minutes from the Federal Reserve meeting, new economic data and expectations for future interest rate moves.

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