Markets
Chip and AI-stock weakness pulled the Nasdaq 0.6% lower
The Nasdaq Composite fell 0.6% and the Russell 2000 lost 0.9%, while the Dow Jones Industrial Average was nearly unchanged. Weakness in semiconductor and AI-linked shares, alongside rising oil prices and Treasury yields, pressured markets as investors awaited results from Alphabet and Tesla.
AS1 News
IXIC
DJI
RUTU.S. stocks ended mixed as weakness in semiconductor and AI-linked shares pulled the Nasdaq Composite 0.6% lower. The Russell 2000 declined 0.9%, while the Dow Jones Industrial Average was nearly unchanged.
The session underscored the influence of highly weighted technology stocks on major U.S. indices. Volatility across the chip and AI-linked groups outweighed strength among selected companies reporting earnings, including AT&T and Philip Morris.
Investors were also awaiting results from Alphabet and Tesla, leaving uncertainty around whether upcoming corporate updates would reinforce or ease pressure on technology shares. Rising oil prices and Treasury yields added to the cautious market backdrop.
The day's index moves and the role of semiconductor and AI-linked weakness are confirmed. What remains uncertain is whether that pressure will persist after the awaited company results and how markets will respond to further changes in oil prices and Treasury yields.
The decline showed that volatility in heavily weighted semiconductor and AI-linked stocks can continue to steer major U.S. indices, even when selected earnings reporters show strength. Higher oil prices and Treasury yields added broader pressure.