The S&P 500 extended its decline in the US stock market. President Trump's remark that the ceasefire memorandum aimed at ending hostilities between the US and Iran is 'over' weighed on the market. Meanwhile, in semiconductor shares, Broadcom rose, with Apple's plan to spend over 30 billion dollars as part of a chip supply deal seen as positive. The Dow Jones Industrial Average ended down 576.76 points at 52,348.39, while the Nasdaq Composite finished up 51.08 points at 25,869.77.
Broadcom IncApple's $30 billion chip supply deal is positive for Broadcom as a chip supplier.
Apple Inc.Apple's plan to spend over $30 billion on chip supply deal boosts demand for Broadcom chips.