US Stocks Dip Amid Hot Inflation and Chipmaker Weakness
US stock indices closed lower on Wednesday amid hotter-than-expected inflation data and continued volatility in the AI infrastructure sector. The S&P 500 fell 1.1%, the Nasdaq slipped 2%, and the Dow shed 49 points. Chipmakers extended this week’s losses after ASML said it could not keep pace with demand for semiconduc