Wall Street Ends Lower as Chip Selloff Broadens

Wall Street ends lower as chip selloff broadens

The Philadelphia Semiconductor Index logged its steepest weekly loss in over a year, and has tumbled over 18% so far in July. (EPA Images pic) NEW YORK: 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 sell…

Wall Street Ends Week Lower as Chip Selloff Spreads Across Broader Market

Semiconductor shares posted their steepest weekly decline in more than a year as concerns about overheated artificial intelligence spending weighed on major indexes despite strong ... The post Wall Street Ends Week Lower as Chip Selloff Spreads Across Broader Market first appeared on [your]NEWS.

Wall Street Ends Week Lower as Chip Selloff Broadens

Wall Street Ends Week Lower as Chip Selloff Broadens

Dow falls nearly 400 points as chip selloff deepens, Wall Street posts weekly loss

US stocks closed lower on Friday, capping a weak week for Wall Street as a deepening selloff in semiconductor stocks and renewed concerns over artificial intelligence spending weighed on investor sentiment. The decline came despite a strong start to the second-quarter earnings season, with rising geopolitical tensions in the Middle East adding to market uncertainty. The Dow Jones Industrial Average fell 394 points, or 0.75%, to close at 52,158.9…