The Nasdaq composite rallied 1%, but early gains faded, hurt by a 4% drop for Apple. Small caps outperformed for the second straight session. Reddit had a strong debut after pricing at 34. Financial stocks also outperformed and several gave buy signals, including Ares Management. Duolingo limped past a 241.86 entry, while an early breakout faded for Neurocrine Biosciences.

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