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Sharp Drops for Chip Stocks Weigh on Markets

The sell-off hit tech-heavy indexes, with the Nasdaq falling 0.3% and South Korea’s Kospi dropping 5.5%, analysts said.

Summary by WPLG
NEW YORK (AP) — Sharp drops for stocks in the computer chip industry are circling the world and hitting Wall Street, while mixed profit reports from UnitedHealth Group, Wells Fargo and other big U.S. companies are keeping the market unsettled. The S&P 500 slipped 0.1% early Tuesday, but the modest move masked big swings for many stocks underneath the surface. The Dow Jones Industrial Average rose 383 points, while the Nasdaq composite fell 0.3%.…

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  • 34% of the sources lean Left, 33% of the sources are Center, 33% of the sources lean Right
34% Left

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The Washington Post broke the news in Washington, United States on Monday, October 12, 2026.
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