Wall Street closes sharply lower as semiconductor rout deepens

Price Action Impact 4
โดย Zacks Investment Research·Read original
Summary · why it matters

Wall Street closed sharply lower on Tuesday, pulled down by a deepening semiconductor rout and broad declines in tech and industrial stocks. The Philadelphia Semiconductor Index tumbled 7.9%, marking one of its sharpest daily drops of the year, as investors reassessed AI spending growth and valuations. The Dow Jones Industrial Average slid 47.22 points to 51,665.49, the Nasdaq Composite fell 579.56 points to 25,587.04, and the S&P 500 lost 107.32 points to 7,365.47. Among the 11 broad sectors of the S&P 500, the Technology Select Sector SPDR declined 3.7%, while the Consumer Staples Select Sector SPDR advanced 1.8%. Oil prices also fell, with Brent crude slipping 1.1% to $77.08 per barrel and WTI crude falling 0.9% to $73.21, as progress in U.S.-Iran talks eased supply concerns.

Impact on stocks 2

Semiconductors▲ · 1 stocks
Artificial Intelligence▲ · 1 stocks
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