US Stocks Fall as Chipmaker Sell-Off Drags Indexes
US equities experienced a risk-off session with major indexes pressured by a sharp sell-off in chipmakers. The Nasdaq fell more than the S&P 500 as semiconductor weakness dragged broader benchmarks.
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Deutsche Bank strategists noted that US equities ended in risk-off mode, with major indexes under pressure from a sharp sell-off in chipmaker stocks. The Nasdaq composite fell more than the S&P 500 as weakness in semiconductor shares dragged on the broader market.
The tech-led setback reflects ongoing concerns about the sector, though the note did not specify a catalyst.
Source: FXStreet Forex News