✉news BusinessMarkets first seen 22 h ago, last 2 h ago, peak #3
S&P 500 and Nasdaq fall as oil jumps and chips slide
Original: S&P 500, Nasdaq end lower as crude prices jump, chip stocks weigh
US stocks ended lower, with the S&P 500 and Nasdaq both closing down as crude oil prices jumped and semiconductor stocks weighed on the market. Rising energy costs and weakness in the chip sector were the main drags on the session, leaving investors cautious. Traders are watching whether higher oil prices feed into inflation concerns and further pressure risk assets.
Why now: Investors are reacting to a weak session on Wall Street driven by rising oil prices and chip stock losses
S&P 500Nasdaqsemiconductor industryoil market
Evidence
API: https://socialmediatrends-api.osmike.com/v1/trends/1527275