US stocks fall as LVMH and ASML earnings fuel global slowdown fears

Investing.com-- U.S. stocks fell Tuesday as investors digested a series of quarterly corporate earnings, with the banking sector in the spotlight.

Both benchmarks had settled about 2% lower on Monday and have continued to retreat after China logged a fifth straight monthly decline in oil imports, spurring fears of weak demand. Oil prices were also dented by traders pricing out a risk premium after a report on Monday said Israel will not attack Iran’s oil and nuclear facilities. Such a strike would have marked a major escalation in the conflict and had investors concerned about a disruption to supply from this oil-rich region.Scan QR code to install app

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Major global chip stocks rally on Micron's 15% surge; ASML up 4%Micron shares rose 15% in after-hours trade in the U.S. on Wednesday, sparking a rally
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