US stocks today: Nasdaq ends lower as chip weakness offsets solid earnings, economic data

US stocks today: Nasdaq ends lower as chip weakness offsets solid earnings, economic data

Chip stocks pulled ​the Nasdaq and the S&P 500 lower on Thursday as they continued to lead broader market moves despite generally upbeat U.S. economic data and a strong start to second-quarter earnings season.Among the 11 major sectors in the S&P 500, technology was one of the biggest percentage losers, with semiconductor ‌stocks weighing heavily ⁠on the ⁠broader market.Daily moves in chips have increasingly dictated the overall movement of the major U.S. stock indexes, particularly the…