Nasdaq Falls Over 1% as Chip Stocks Slide
US stocks opened mixed as technology shares extended a sell-off for a second session. The S&P 500 fell 0.4% at the open; hotter-than-expected wholesale inflation added to concerns over the Fed’s policy outlook.
US stocks opened mixed on Thursday, October 15, as a sell-off in technology shares extended for a second session, while hotter-than-expected wholesale inflation data added to concerns over the Federal Reserve’s policy outlook.The S&P 500 fell 0.4% at the open, while the tech-heavy Nasdaq Composite…