AI and Chip Losses Pull S&P 500 and Nasdaq Lower as Most Stocks Rise

2 outlets reporting

Your call?🐂 Bullish🐻 Bearish

-6%

chip index drop

The Philadelphia Semiconductor Index fell more than 6%, while the 10 largest S&P 500 companies account for about 40% of the index’s value. Meta shares dropped about 7% despite results that topped expectations.