Deutsche Bank: US Stocks Slip as Oil Rises, Chipmakers Lead Decline
Deutsche Bank strategists report modest losses in US equities as oil prices extended gains, with the S&P 500 easing from record highs and chipmakers leading the decline.
SPX
US equities faced modest selling pressure according to Deutsche Bank strategists, as rising oil prices weighed on sentiment. The S&P 500 pulled back slightly from its record high, with technology shares and notably semiconductor stocks posting the biggest losses.
The strategists noted that energy and healthcare sectors were also in focus, though details were cut short in the report. The broader risk appetite appeared intact despite higher crude and interest rates.
Source: FXStreet Forex News