Nasdaq Ends Lower as Chip Stocks Fall and Bank Earnings Are Parsed
The Nasdaq ended lower Tuesday as chip stocks extended recent losses and investors assessed mixed quarterly results from Citigroup and other major US banks. The PHLX Semiconductor Index fell 0.23%, its fifth consecutive decline.
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08:33:59 PM UTC
SquawkNews
MARKET WRAPSSTOCKS: Stocks fell after mixed bank earnings and reported advances in Chinese artificial-intelligence semiconductor technology.TREASURYS: Treasury yields were mixed, with a gain for the two-year note yield and losses for yields on longer-term bonds.FOREX: The U.S. dollar gave back some…
08:46:06 PM UTC
SquawkNews
US STOCKS FINISH DOWN WITH BANK SHARESUS stocks ended lower on Tuesday, although the S&P 500 CBOE:SPX was close to flat, as bank shares fell following quarterly results from top firms including Goldman Sachs NYSE:GS, Citigroup NYSE:C, JPMorgan NYSE:JPM and Wells Fargo NYSE:WFC.The S&P 500 banks ind…
The Nasdaq closed lower on Tuesday as chip stocks extended their recent declines and investors assessed mixed quarterly results from Citigroup and other major US banks. 23%, marking its fifth consecutive session of losses. The decline followed comments on Monday from Broadcom (NASDAQ:AVGO) CEO Hock Tan.