Update: US Equity Indexes Retreat as Chipmakers Hit Technology While Crude Oil Jumps Following Hormuz Missile Strike
(Updates with index/price moves and company/political news) US equity indexes declined as chipmakers helped push technology lower, while a missile strike on a Qatari vessel sent crude oil higher. The Nasdaq Composite fell 0.6% to 25,972.1, the S&P 500 fell 0.2% to 7,519.8, and the Dow Jones Industrial Average retreated 0.4% to 52,869.1 after midday Tuesday. The technology sector led decliners, followed by industrials and materials. In addition to energy, the top gainer, other sectors in the lead included real estate, healthcare, and utilities. Among stocks with market capitalization exceeding $200 billion each, 14 out of the bottom 20 names were technology firms, according to data compiled by Finviz. More than half of the decliners were semiconductor firms. The worst performer was Intel (INTC), down 9.2%, after Samsung Electronics' preliminary earnings disappointed investors. Shares of Space Exploration Technologies (SPCX) slumped 5.3% after the company was added to the Nasdaq 100 on Tuesday. In geopolitical news, Iran's Revolutionary Guard Corps fired missiles at vessels in the Strait of Hormuz, striking a liquefied natural gas carrier, according to media reports. The.
(Updates with index/price moves and company/political news) US equity indexes declined as chipmakers helped push technology lower, while a missile strike on a Qatari vessel sent crude oil higher.
The Nasdaq Composite fell 0.6% to 25,972.1, the S&P 500 fell 0.2% to 7,519.8, and the Dow Jones Industrial Average retreated 0.4% to 52,869.1 after midday Tuesday.
The technology sector led decliners, followed by industrials and materials.
In addition to energy, the top gainer, other sectors in the lead included real estate, healthcare, and utilities.
Among stocks with market capitalization exceeding $200 billion each, 14 out of the bottom 20 names were technology firms, according to data compiled by Finviz.
More than half of the decliners were semiconductor firms.
The worst performer was Intel (INTC), down 9.2%, after Samsung Electronics' preliminary earnings disappointed investors.
Shares of Space Exploration Technologies (SPCX) slumped 5.3% after the company was added to the Nasdaq 100 on Tuesday.
In geopolitical news, Iran's Revolutionary Guard Corps fired missiles at vessels in the Strait of Hormuz, striking a liquefied natural gas carrier, according to media reports.
The.