Economic TimesLean R·
US stocks today: US stocks end lower for the day and week as chip selloff broadens
Wall Street extended its decline on Friday as a pullback on stocks associated with the AI boom, which has driven many of the gains so far this year, morphed into a larger risk-off sentiment.Semiconductor shares, which have led the broader market's move in recent sessions, initially led the selloff, which broadened as the session progressed.All three major U.S. stock indexes closed lower on the day and posted weekly losses.The Philadelphia SE Semiconductor Index logged its steepest weekly l…
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