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US stocks today: S&P 500, Nasdaq fall as chip stocks weaken; earnings and data in focus

Thursday saw declines in the S&P 500 and Nasdaq indexes, primarily due to a renewed slump in chip stocks that outweighed positive earnings from select companies. Investors were keenly assessing economic data to understand the present economic landscape. The consumer staples sector fared better, whereas information technology struggled. Moreover, geopolitical uncertainties and escalating oil prices played a significant role in shaping market trends.

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Economic TimesLean R·2h ago
US stocks today: S&P 500, Nasdaq fall as chip stocks weaken; earnings and data in focus
Thursday saw declines in the S&P 500 and Nasdaq indexes, primarily due to a renewed slump in chip stocks that outweighed positive earnings from select companies. Investors were keenly assessing economic data to understand the present economic landscape. The consumer staples sector fared better, whereas information technology struggled. Moreover, geopolitical uncertainties and escalating oil prices played a significant role in shaping market trends.
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US stocks today: S&P 500, Nasdaq fall as chip stocks weaken; earnings and data in focus

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