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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.
(Recasts with preliminary close of trading, adds analyst comment) Citigroup, Johnson & Johnson slip despite higher profits Chip stocks drop as Chinese competition fears mount Analysts see S&P 500 Q3 earnings up over 30% By Noel Randewich Oct 13 (Reuters) — The Nasdaq ended lower on Tuesday, as chip stocks added to rece