Stock Indexes Slip as Chipmakers Retreat

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Summary · why it matters

The S&P 500 and Nasdaq 100 fell to two-week lows as a global selloff in chipmakers weighed on markets. South Korea's Kospi Index dropped more than 5% after Samsung Electronics and SK Hynix declined, sparking the retreat. A New York Times report that OpenAI may delay its IPO until 2027 added to the pressure. Losses were limited by strength in software stocks and a sharp drop in crude oil prices, which eased inflation concerns. The University of Michigan's June consumer sentiment index was revised up to 49.5, below the expected 50.0.

Impact on stocks 38

Semiconductors▲ · 12 stocks
Artificial Intelligence▲ · 10 stocks
Cloud & Digital Infrastructure▲ · 7 stocks
Biotech & Genomic Medicine▲ · 3 stocks
Industrials▲ · 1 stocks
Materials▲ · 1 stocks
Health Care▲ · 1 stocks
Cybersecurity & Digital Trust▲ · 1 stocks
Defense & Geopolitical Fragmentation▲ · 1 stocks
Digital Finance & Tokenization▲ · 1 stocks

Off-coverage companies 1

OpenAIPrivate± Mixed
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