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After Friday’s fear-induced market sell-off, stocks attempted a recovery, led by an early-morning 100-plus point gain in the Dow Jones Industrial Average. Those gains have faded, but the Dow is attempting to stay alive. Meanwhile, the S&P 500 and Nasdaq Composite remain in the red. All eyes are on Nvidia (Nasdaq: NVDA) for hopes of a renewed rally when Wall Street’s AI darling reports its quarterly earnings on Wednesday. In the meantime, there is tech optimism, with each of the Magnificent 7 stocks initially trading in the green but then turning mixed. Apple (Nasdaq: AAPL) has agreed to invest a whopping $500 billion into the U.S. market over four years in an American innovation push, improving sentiment. Apple plans to double its Advanced Manufacturing Fund and is targeting Texas for the development of advanced technology. AAPL stock is up fractionally. Also among the Mag 7 stocks is Tesla (Nasdaq: TSLA), which has turned south, falling over 2% as of mid-morning. The stock can
SHELTON, CT — A developer's proposal for a Planned Development District in Shelton that includes a Texas Roadhouse restaurant and a hotel now includes housing as well. Plans for the mixed use development at Bridgeport Avenue and Long Hill Crossroads were first submitted to the city over the summer by Crown Point Associates of Shelton II LLC. A public hearing was opened in September and continued to November. The most recent version of those plans, with housing added, were presented to the Planning and Zoning Commission by Derby-based attorney Dominick Thomas on behalf of the applicant during a continued public hearing for the application Wednesday. Under the revised proposal, accessible on the city's website, the development would be comprised of Texas Roadhouse and DQ Grill & Chill restaurants, a 123-room Woodspring Suites hotel, a grocery store, retail and eight residential town house units. According to a revised statement of uses and standards submitted to the city, the site for