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Semiconductor and memory stocks rise after August payrolls beat expectations

  • Semiconductor and memory stocks rose after the August jobs report.
  • 162,000 new payrolls exceeded the 56,000 expected.
  • Most non-AI stocks declined as the sectors rallied.

Semiconductor and memory stocks rose unexpectedly after an August jobs report showed 162,000 new payrolls, compared with expectations for 56,000. The gains contrasted with declines across most non-AI stocks, indicating selling pressure in an unspecified part of the market.

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