Nasdaq sees biggest drop in 2 years as tech earnings spark selloff
5 months, 2 weeks ago

Nasdaq sees biggest drop in 2 years as tech earnings spark selloff

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Major stocks fell dramatically Wednesday after several companies reported disappointing earnings, sparking a tech selloff and the biggest Wall Street bloodbath in nearly two years. By market close, the Nasdaq had dropped a whopping 3.6 percent and the S&P 500 was down 2.31 percent – the worst single-day decline for either index since October and December 2022, respectively. The Nasdaq sat at 17342.41 at market close, while the S&P 500 sat at 5,427.13 Even the Dow Jones saw a 504.2-point drop – or more than 1 percent - to 39,853.87. Alphabet, however, reported slightly better profits in Q2 but still their stock saw a 5 percent drop – possibly due to its shortcomings in YouTube ad sales.

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How major US stock indexes fared Tuesday, 12/31/2024
Trending News
1 week ago

How major US stock indexes fared Tuesday, 12/31/2024

Associated Press  

Stock indexes closed mostly lower on Wall Street on the final day of another record-setting year. The S&P 500 slipped 0.4% Tuesday, but still managed to rack up a gain of 23.3% for the year, its second straight year with gains of more than 20%. The Dow Jones Industrial Average slipped 0.1%, and the Nasdaq composite lost 0.9%. Big Tech …

Markets stumble as Wall Street sells off Big Tech
1 week, 5 days ago

Markets stumble as Wall Street sells off Big Tech

CNN  

CNN — US stocks ended Friday in the red, closing out a lackluster week despite a year of historic highs. The “Magnificent Seven” group of high-performing tech stocks — Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia and Tesla — has accounted for more than half of the gains so far this year as they benefit from intense investor focus on ways …

Stock market today: Nasdaq hits a record as Wall Street drifts ahead of Federal Reserve’s meeting
3 weeks, 2 days ago

Stock market today: Nasdaq hits a record as Wall Street drifts ahead of Federal Reserve’s meeting

Associated Press  

NEW YORK — U.S. stock indexes drifted amid mixed trading Monday, ahead of this week’s upcoming meeting by the Federal Reserve that could set Wall Street’s direction into next year. Broadcom leaped 11.2% to help lead the S&P 500 for a second straight day after delivering a profit report last week that beat analysts’ expectations. The market’s main event, though, …

Stunning rally in Big Tech drives Nasdaq to 20,000
4 weeks ago

Stunning rally in Big Tech drives Nasdaq to 20,000

Live Mint  

* Nasdaq hits 20,000 amid AI excitement, rate-cut expectations * Tech stocks drive Nasdaq's 33% annual rise * Megacap stocks' dominance raises concentration concerns By Saqib Iqbal Ahmed, Suzanne McGee and Lewis Krauskopf NEW YORK, Dec 11 - The Nasdaq Composite Index hit 20,000 for the first time on Wednesday, putting an exclamation point on a year in which excitement …

Stock market today: Losses for Big Tech pull US indexes lower
1 month, 1 week ago

Stock market today: Losses for Big Tech pull US indexes lower

Associated Press  

Technology stocks helped pull stocks lower on Wall Street Wednesday, handing the market its first loss in more than a week. Several personal computer makers also helped pull the market lower following their latest earnings reports. AP AUDIO: Stock market today: Wall Street wavers as Big Tech stocks fall AP correspondent Seth Sutel reports on the latest market movements. The …

Losses for Big Tech pull U.S. stock indexes lower
1 month, 1 week ago

Losses for Big Tech pull U.S. stock indexes lower

LA Times  

The Standard & Poor’s 500 fell 0.4%, even though more stocks in the index notched gains than ended lower. Technology stocks helped pull stocks lower Wednesday on Wall Street, handing the market its first loss in more than a week. The latest inflation data, though, is a sign that the rate of inflation seems to be stalling as it falls …

Wall Street today: US stocks drop amid geopolitical tensions, Nvidia earnings in focus, Target tanks 20%
1 month, 2 weeks ago

Wall Street today: US stocks drop amid geopolitical tensions, Nvidia earnings in focus, Target tanks 20%

Live Mint  

US stocks dropped on Wednesday amid escalating geopolitical tensions between Russia and Ukraine, and as investors awaited chip giant Nvidia's quarterly results. At 09:53 am the Dow Jones Industrial Average rose 1.09 points to 43,270.03, the S&P 500 lost 20.79 points, or 0.35 per cent, to 5,896.19 and the Nasdaq Composite lost 94.90 points, or 0.50 per cent, to 18,892.57. …

Rising tech stocks send Nasdaq to a record as most of Wall Street stumbles
2 months, 1 week ago

Rising tech stocks send Nasdaq to a record as most of Wall Street stumbles

LA Times  

Rallying technology stocks sent the Nasdaq composite index to a record on Tuesday, but trading was mixed elsewhere on Wall Street as home builders and Ford Motor sank after the latest profit reports. The S&P 500 rose 0.2%, inching closer to its all-time high set earlier this month, even though most of the stocks in the index fell for the …

Tech Titans Soar as Nasdaq Soars to New All-Time High
2 months, 2 weeks ago

Tech Titans Soar as Nasdaq Soars to New All-Time High

Live Mint  

Tech stocks dominate the market, with Nvidia, Amazon, Meta, Microsoft, and Netflix leading the charge. Tesla's shares soar after the release of its Q3 earnings, projecting a strong sales forecast. Apple, Meta, and Microsoft are scheduled to release their earnings next week, while Tesla released its on October 23.

Stocks tank as economic slowdown fears mount and tech companies disappoint
4 months ago

Stocks tank as economic slowdown fears mount and tech companies disappoint

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Wall Street took a …

Tech bubble fears grow as Nvidia shares slump
4 months, 1 week ago

Tech bubble fears grow as Nvidia shares slump

The Telegraph  

Nvidia’s stock dropped sharply last night despite the chipmaker more than doubling sales to a record $30bn in a reaction that will fuel fears of a tech bubble. Jensen Huang, founder and chief executive of the company, said on Wednesday night: “Nvidia achieved record revenues as global data centers are in full throttle to modernize the entire computing stack with …

Stock market today: Dow closes at a record even as losses for Big Tech pull S&P 500 and Nasdaq lower
4 months, 1 week ago

Stock market today: Dow closes at a record even as losses for Big Tech pull S&P 500 and Nasdaq lower

Associated Press  

The Dow Jones Industrial Average climbed to an all-time high, even as big tech companies weighed on the broader market, leading U.S. stock indexes to a mixed finish on Wall Street. The stock market is coming off a two-week winning streak that’s helped keep the S&P 500 and Dow within striking distance of notching new highs. Monday’s mixed market finish …

Wall Street stocks plunge as fears grow that tech bubble has burst
5 months ago

Wall Street stocks plunge as fears grow that tech bubble has burst

The Telegraph  

Investors have ramped up bets that the US Federal Reserve will be forced into an emergency interest rate cut to support the economy as fears of recession grow. Shares plunged and bonds rallied amid growing fears that the world’s biggest economy is heading for recession and concern that an AI-fuelled stock bubble has burst. The tech-heavy Nasdaq Composite plummeted by …

Sinking AI darlings drag Nasdaq 100 into correction territory: Amazon, Tesla, Nvidia, Microsoft, Intel, Google
5 months ago

Sinking AI darlings drag Nasdaq 100 into correction territory: Amazon, Tesla, Nvidia, Microsoft, Intel, Google

Hindustan Times  

The violent rotation from Big Tech plunged the Nasdaq 100 Index into correction territory, wiping out more than $2 trillion in value in just over three weeks, as traders unwound bets that had been minting money for over a year. {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} “This is an amazing about-face, like we’ve crashed into a brick wall,” said Bill Stone, chief …

Stock market today: Global shares tumble after a wipeout on Wall Street as Big Tech retreats
5 months, 2 weeks ago

Stock market today: Global shares tumble after a wipeout on Wall Street as Big Tech retreats

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

US stock market sees worst day since 2022 over Tesla, Alphabet quarterly results
5 months, 2 weeks ago

US stock market sees worst day since 2022 over Tesla, Alphabet quarterly results

Hindustan Times  

A wipeout on Wednesday sent U.S. stock indexes to their worst losses since 2022 after profit reports from Tesla and Alphabet helped suck momentum from Wall Street’s frenzy around artificial-intelligence technology. {{^usCountry}} {{/usCountry}} The profit reports from Tesla and Alphabet weren't disasters, but they raised questions among investors about which other market heavyweights' springtime results could fall short of expectations, …

Stock market today: Asian shares sink, weighed down by Wall St tech retreat, China policy questions
5 months, 3 weeks ago

Stock market today: Asian shares sink, weighed down by Wall St tech retreat, China policy questions

Associated Press  

Asian shares retreated Friday after a broad washout across Wall Street dragged U.S. stocks lower, and Hong Kong’s benchmark fell more than 2% as investors remained wary over China’s plans for helping its ailing property sector. AP AUDIO: Stock market today: More drops for big tech stocks keep dragging Wall Street lower AP business correspondent Seth Sutel has the AP …

Tech-heavy Nasdaq hits two-week-low; Nvidia, ASML crash 4-8% from all-time high on tighter US trade curbs outlook
5 months, 3 weeks ago

Tech-heavy Nasdaq hits two-week-low; Nvidia, ASML crash 4-8% from all-time high on tighter US trade curbs outlook

Live Mint  

US technology and semiconductor chipmaking stocks fell from their all-time high levels after concerns over tougher restrictions on global chip sales to China spurred a stock rout on Wednesday, July 17. The tech-heavy Nasdaq slumped nearly two per cent to hit a two-week low, accompanied by losses on the S&P 500, as major chip and tech stocks were pressured by …

Global stock markets move higher amid gains for US tech giants
5 months, 4 weeks ago

Global stock markets move higher amid gains for US tech giants

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Top US and European stock …

Stock market today: Nasdaq sets another record as Wall Street wins back earlier losses
7 months, 2 weeks ago

Stock market today: Nasdaq sets another record as Wall Street wins back earlier losses

Associated Press  

NEW YORK — U.S. stocks rose Friday in a bounce back from Wall Street’s worst day since April. CEO Barbara Rentler said several challenges, “including prolonged inflation, continue to squeeze our low-to-moderate income customers’ purchasing power.” Even though data on the overall, or macro, economy has been showing continued strength for spending by U.S. households, the numbers underneath the surface …

Stock market today: More weakness in technology companies pulls Wall Street lower
10 months, 2 weeks ago

Stock market today: More weakness in technology companies pulls Wall Street lower

Hindustan Times  

NEW YORK — Stocks fell on Wall Street Wednesday as weakness in technology companies continues to drag on the market. Electronic measurement technology company Keysight Technologies fell 7.3% after its profit forecast fell short of analysts’ expectations. “As long as the labor market holds up, the Fed can afford to slow walk rate cuts,” said Jamie Cox, managing partner for …

How major US stock indexes fared Wednesday, 10/25/2023
1 year, 2 months ago

How major US stock indexes fared Wednesday, 10/25/2023

Associated Press  

Wall Street sank back to where it was in May, pulled down by steep drops in several Big Tech companies. The S&P 500 fell 1.4% Wednesday after rising bond yields tightened their chokehold on the stock market and some of the most influential companies turned in mixed profit reports. The Dow lost 105 points, and the tech-heavy Nasdaq composite dropped …

Wall Street drops as Apple, Tesla weigh on indexes
2 years ago

Wall Street drops as Apple, Tesla weigh on indexes

Live Mint  

Wall Street's main indexes fell on the first trading day of the year following declines in Apple and energy stocks, with investors awaiting the Federal Reserve's meeting minutes for further clarity on the path of future interest rate hikes. Most of the major S&P 500 sectors were in the red, with information technology stocks pulled lower by a 3% drop …

Wall Street update: Tech leads stocks lower as treasury yields climb
2 years, 1 month ago

Wall Street update: Tech leads stocks lower as treasury yields climb

Live Mint  

Stocks fell, with some of the world’s largest technology companies leading losses as Treasury yields climbed. “The Fed has hiked enough -- and quickly enough -- to make recession a base-case scenario in our book,” said Lauren Goodwin, economist and portfolio strategist at New York Life Investments. “Volatility and risk premia are likely to remain elevated as long as the …

Nasdaq falls as US export controls on China weigh on chip stocks
2 years, 2 months ago

Nasdaq falls as US export controls on China weigh on chip stocks

Live Mint  

The Nasdaq hit a two-year low on Monday as chipmakers bore the brunt of US efforts to hobble China's semiconductor industry, while caution reigned ahead of the start of the earnings season. The Philadelphia SE Semiconductor index tumbled 3.5% to also touch a two-year low, after the Biden administration published a set of export controls on Friday, including a measure …

US STOCKS-Nasdaq falls as U.S. export controls on China...
2 years, 2 months ago

US STOCKS-Nasdaq falls as U.S. export controls on China...

Daily Mail  

U.S. bond market shut for Columbus Day holiday * S&P 500 tech sector leads declines * Indexes: Nasdaq down 0.69%, Dow up 0.19%, S&P down 0.26% By Shreyashi Sanyal and Bansari Mayur Kamdar Oct 10 - The Nasdaq hit a two-year low on Monday as chipmakers bore the brunt of U.S. efforts to hobble China's semiconductor industry, while investors treaded …

US dollar to Q2 GDP data: Top 5 triggers that may dictate stock market this week
2 years, 5 months ago

US dollar to Q2 GDP data: Top 5 triggers that may dictate stock market this week

Live Mint  

Stock market this week: Following strong global cues, short covering by FIIs and banking stocks' rally on Dalal Street, Indian stock market ended in positive territory on sixth straight session. But the next week might not be all positive as the US FED is going to meet next week for their policy decisions, and another rate hike might spook the …

Nasdaq falls to worst low since 2008 as stocks plunge amid recession fears
2 years, 8 months ago

Nasdaq falls to worst low since 2008 as stocks plunge amid recession fears

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. The Nasdaq fell 4.2 per cent, the Dow …

Nasdaq slides 3% as megacap stocks bashed ahead of earnings
2 years, 8 months ago

Nasdaq slides 3% as megacap stocks bashed ahead of earnings

Live Mint  

The tech-heavy Nasdaq led Wall Street lower on Tuesday with a 3% slump, as nerves ahead of earnings from megacap growth and technology companies added to concerns over slowing global growth and a more aggressive Federal Reserve. Market-leading growth stocks have been hammered this year as investors fret over the impact of higher interest rates on their future earnings, while …

Meta's shock share price drop shakes world tech
2 years, 11 months ago

Meta's shock share price drop shakes world tech

The Hindu  

Shares in Facebook owner Meta fell 20% in U.S. premarket trade on Thursday after the social media giant issued a dismal forecast blaming Apple's privacy changes and increased competition. The shock drop, which comes before Amazon earnings later in the day, spilled over to Europe where technology led sectoral fallers with a decline of 2% and soured the mood across …

US markets: Nasdaq hits record high as Big Tech roars back
3 years, 6 months ago

US markets: Nasdaq hits record high as Big Tech roars back

Live Mint  

The Nasdaq hit an intra-day record high on Tuesday, lifted by Amazon, Microsoft and other top-shelf growth companies, while investors awaited remarks about the economic recovery from Federal Reserve Chair Jerome Powell. So-called value stocks, expected to benefit from the economic recovery, have outperformed in 2021, while growth stocks, including major tech names like Apple and Nvidia, have rallied since …

Nasdaq plunges more than 2% as investors dump growth stocks
3 years, 8 months ago

Nasdaq plunges more than 2% as investors dump growth stocks

Hindustan Times  

The Nasdaq fell more than 2% on Tuesday as steep declines in megacap growth stocks pushed Wall Street below record trading levels, with investors seeking shelter in more defensive parts of the market. Nasdaq offices in Times Square in New York Highly valued technology companies including Microsoft Corp, Alphabet Inc, Apple Inc, Amazon.com Inc and Facebook Inc fell between 2.3% …

Nasdaq set to jump as tech stocks snap back
4 years, 1 month ago

Nasdaq set to jump as tech stocks snap back

Live Mint  

Wall Street's main indexes were set to open higher on Wednesday as signs of a working COVID-19 vaccine raised hopes of a faster-than-expected economic rebound, with technology stocks bouncing back from steep losses this week. Nasdaq 100 futures were up more than 1%, while technology mega-caps including Netflix Inc, Amazon.com Inc and Facebook Inc, the so-called stay-at-home winners, also gained …

Tech slide, pandemic surge slam Wall Street, biggest weekly loss since March
4 years, 2 months ago

Tech slide, pandemic surge slam Wall Street, biggest weekly loss since March

Live Mint  

US stock indexes closed lower on Friday to cap Wall Street's biggest weekly sell-off since March, as losses in richly priced tech heavyweights, a record rise in coronavirus cases and jitters over the presidential election snuffed investor sentiment. "We're two market days away from Election Day and people want to make sure that they're not completely caught off guard," said …

Tech stocks knock down Wall Street as Covid cases spiral; Dow falls over 400 pts
4 years, 2 months ago

Tech stocks knock down Wall Street as Covid cases spiral; Dow falls over 400 pts

Live Mint  

Wall Street's major indexes tumbled on Friday, dragged down by a slide in shares of tech heavyweights following their quarterly results, with a record rise in coronavirus cases and nerves over the presidential election adding to a downbeat mood. Communication services got a boost from a 3.9% jump in shares of Alphabet Inc after the Google parent beat estimates for …

Wall Street update: US stocks mostly up in choppy trading after GDP data
4 years, 2 months ago

Wall Street update: US stocks mostly up in choppy trading after GDP data

Live Mint  

The S&P 500 and Nasdaq were set to open higher on Thursday after data showed domestic economy grew at an unrivaled pace in the third quarter as the government poured out more than $3 trillion worth of pandemic relief. Democratic challenger Joe Biden holds a comfortable lead over President Donald Trump in national polls, but the race in battleground states …

Asian shares mixed as worries percolate over pandemic
4 years, 3 months ago

Asian shares mixed as worries percolate over pandemic

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Overnight, Wall Street ended a four-day losing streak, though …

Wall Street posts third week of declines as tech slide drags on
4 years, 3 months ago

Wall Street posts third week of declines as tech slide drags on

Live Mint  

U.S. stocks fell on Friday as technology shares sold off for a third day in a row, while all three major U.S. indexes posted a third straight week of declines. Apple Inc, Microsoft Corp, Amazon.com Inc and Alphabet Inc., which helped to fuel the market's rally off the March lows, were among the biggest drags on the S&P 500 and …

Wall Street Posts Third Week of Declines as Tech Slide Drags on
4 years, 3 months ago

Wall Street Posts Third Week of Declines as Tech Slide Drags on

News 18  

US stocks fell on Friday as technology shares sold off for a third day in a row, while all three major US indexes posted a third straight week of declines. Apple Inc, Microsoft Corp, Amazon.com Inc and Alphabet Inc., which helped to fuel the market’s rally off the March lows, were among the biggest drags on the S&P 500 and …

Another ugly day for stocks, as Nasdaq tumbles
4 years, 4 months ago

Another ugly day for stocks, as Nasdaq tumbles

CNN  

New York CNN Business — It was another rough day on Wall Street, as the tech-heavy Nasdaq Composite tumbled once again and fell into correction territory. President Donald Trump said Monday that he wasn’t “happy at all” with China and spoke about an economic “decoupling.” All three major stock indexes closed sharply lower and the Nasdaq fell into correction territory …

Nasdaq tops 10,000 for the first time ever
4 years, 6 months ago

Nasdaq tops 10,000 for the first time ever

CNN  

New York CNN Business — Wall Street’s love affair with technology stocks shows no sign of stopping. The Nasdaq, an index that includes the top FAANG stocks, Microsoft, Tesla and many other titans of tech, topped 10,000 for the first time ever Tuesday. Investors have flocked to tech giants, such as Facebook, Apple, Amazon, Netflix and Google owner Alphabet, this …

US markets tumble as coronavirus fears mount
4 years, 10 months ago

US markets tumble as coronavirus fears mount

Live Mint  

US stock indexes fell about 1% on Thursday, dragged down by technology heavyweights, as investors fretted over a rise in the cases of coronavirus and its economic impact. Some traders pointed to a Global Times report that said a central Beijing hospital reported 36 new cases as of Thursday, sparking a fresh wave of selling in late morning trade. Investors …

Tesla sinks to bear market, stock snaps its six-day rally and plunges 13%
4 years, 11 months ago

Tesla sinks to bear market, stock snaps its six-day rally and plunges 13%

Live Mint  

The incredible six-day, 60% rally in Tesla Inc. that left Wall Street watchers scratching their heads screeched to a halt Wednesday. The breather comes as analysts at Canaccord Genuity cut their rating on the stock to hold following an “electrifying run” on concerns that its Shanghai factory may struggle as China works to contain the coronavirus. The rapid run in …

US markets: S&P 500, Nasdaq hit record on IBM, waning China virus fears
4 years, 11 months ago

US markets: S&P 500, Nasdaq hit record on IBM, waning China virus fears

Live Mint  

The S&P 500 and the Nasdaq scaled new highs on Wednesday, as an upbeat forecast from IBM added to optimism over earnings, while China's efforts to contain a virus outbreak eased worries about a wider financial fallout. International Business Machines Corp shares jumped 4.1% after it forecast full-year profit above market expectations on strength in its high-margin cloud computing business. …

Stock indices retreat from record levels on profit booking
5 years, 1 month ago

Stock indices retreat from record levels on profit booking

The Hindu  

Market benchmark BSE Sensex retreated from its record high level to close down by around 68 points on November 26 mainly due to profit booking in telecom, IT and auto stocks amid growth concerns and evolving political drama in Maharashtra. However, volatility ahead of derivative expiry, political drama and caution on upcoming GDP data led investors to book some profit,” …

Tech stocks are on their longest losing streak since Trump was elected
5 years, 5 months ago

Tech stocks are on their longest losing streak since Trump was elected

CNN  

New York CNN Business — The escalating US-China trade war is crushing the stocks of technology companies. The Nasdaq plunged 3.5% Monday, posting its sixth-straight down day — the longest losing streak since a nine-day declne in late October and early November 2016, just before President Donald Trump’s election as president. Trade tension with China is having an outsized impact …

Tesla shares tumble on Musk’s call for ‘hardcore’ review and Autopilot crash concerns
5 years, 7 months ago

Tesla shares tumble on Musk’s call for ‘hardcore’ review and Autopilot crash concerns

LA Times  

Bloomberg Tesla Inc. shares slid to their lowest close in almost 2½ years Friday after Elon Musk called for a “hardcore” review of all the electric-car maker’s expenses and an analyst warned of potentially severe fallout from a fatal crash involving Autopilot. Musk, Tesla’s chief executive, wrote in an email to staff late Thursday that he and new Chief Financial …

US stocks edge lower as volumes fall before earnings
5 years, 8 months ago

US stocks edge lower as volumes fall before earnings

Live Mint  

New York: US stocks fell in thin trading as investors cast an eye toward the start of earnings season. The dollar advanced the most in more than a week, while the pound fell as Prime Minister Theresa May accepted the European Union’s offer to push the Brexit deadline out six months. Oil in New York retreated from a five-month high …

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