Semiconductor weakness keeps major averages mostly lower
[BRIEFING.COM] The S&P 500 (-0.5%), Nasdaq Composite (-1.3%), and DJIA (+0.1%) remain mostly lower with just half an hour left in the session. Crude oil futures settled $3.25 higher (+3.7%) at $91.47 per barrel, which is well off its earlier highs. The retreat in oil prices and Treasury yields helped prompt some gains across the broader market, though intensifying selling pressure across semiconductor stocks keeps the S&P 500 and Nasdaq Composite firmly lower. Copyright (C) 2026 Briefing.com
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08:01:03 PM UTC
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By Stephen Culp and Tharuniyaa LakshmiUS 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.Of the major US stock indexes, the Nasdaq closed with the steepest percentag…