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News 2026-10-08 14:12 UTC

Oil rises sharply as tech retreats weigh on stocks

S&P 500 (-0.2%), Nasdaq Composite (-0.5%), and DJIA (unch) trade mostly lower as crude oil rises $3.89 (+4.4%) to $92.18 per barrel; energy (+2.2%) outperforms while information technology (-0.8%) lags after a 2.1% decline in the PHLX Semiconductor Index.