Nasdaq tums lower from record high

US stocks ended mixed on Thursday as oil prices jumped, reigniting inflation concerns, while chip stocks declined after recent surge. The Dow Jones Industrial Average added 0.1%, while the S&P 500 index fell 0.5%. The Nasdaq Composite stumbled 1.3%, slipping further from record highs. There was a modest pullback in long term treasury yields and overall sentiments were cautious as investors are gearing up for the third quarter earnings season.

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