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Tech Stocks Drag Markets Lower As Microsoft Ramps Up Security Offerings

  • Healthcare stocks lagged as other major indices rallied near 52-week highs.
  • Microsoft expanded its security software, hurting stocks like Palo Alto Networks, Zscaler, and Cloudflare.
  • Nvidia invested $50 million into AI drug discovery company Recursion Pharmaceuticals, sending its stock soaring 150%.
  • Bitcoin regained momentum, potentially heading towards $32,000 as traders eye upcoming inflation data.
  • Biden's top economic adviser Brainard criticized trickle-down economics in a recent speech.
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