Economic TimesLean R·
US stocks: S&P 500, Nasdaq end lower as crude prices jump, chip stocks weigh
US stocks dipped on Thursday as crude prices surged on a spike in Middle East tensions and a cut in US output that fed inflation and rate-hike fears, while semiconductor stocks slumped.According to preliminary data, the S&P 500 lost 36.07 points, or 0.46%, to end at 7,765.70 points, while the Nasdaq Composite lost 341.59 points, or 1.24%, to 27,197.10. The Dow Jones Industrial Average rose 45.68 points, or 0.09%, to 51,225.48.Of the major US stock indexes, the Nasdaq closed with the steepes…
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