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Asia-Pacific markets trade mixed after Nasdaq extends gains backed by technology
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Asia-Pacific markets trade mixed after Nasdaq extends gains backed by technology

Consumers see inflation, spending sliding over next year, according to New York Fed SurveyDow, S&P 500 close down while Nasdaq posts second day of gainsAt market close Monday, the Dow and S&P 500 traded down despite both trading up earlier in the day.The S&P 500 whipsawed around the flatline in the afternoon, closing down just 0.1%. The Dow ended down 0.3% as investors focused on growth names as hopes grew over cooling inflation.But the Nasdaq Composite ended up 0.6%, helped by a nearly 6% rally in Tesla and jumps in other tech names.Losses were concentrated in recent winners, like health care, energy and aerospace and defense.— Alex Harring, Scott SchnipperTesla jumps 7% as electric vehicle stock rallies off 2-and-a-half year lowTesla rose more than 7% as investors pulled t...