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The three major U.S. stock indices got off to a robust start, all opening higher. The Dow Jones Industrial Average notched up a 1.02% gain, while the S&P 500 Index followed suit with a 0.84% increase. The Nasdaq Composite Index wasn't far behind, climbing 0.77%. In the tech sector, optical communication and memory chip stocks stood out, showing remarkable strength. Notably, Coherent and Marvell Technology both saw their share prices surge by over 3%. SK Hynix and Intel also experienced a significant uptick, with their stocks rising more than 2%. Micron Technology, Seagate Technology, and SanDisk weren't left behind, each securing gains exceeding 1%. Adding to the positive sentiment, Oracle's stock soared over 7%, buoyed by its adjusted revenue for the first fiscal quarter surpassing market expectations.
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