Big Tech stocks dive to halt Wall Street's record-setting rally

  • 📰 latimes
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 82%

Indonesia Berita Berita

Indonesia Berita Terbaru,Indonesia Berita utama

Wall Street’s record-breaking rally ran into a wall, as worries about potentially worsening trade tensions with China hit stocks of chip companies.

Wall Street’s record-breaking rally ran into a wall Wednesday, as worries about potentially worsening trade tensions with China hit stocks of chip companies. That dragged indexes to their worst day in months, but conditions may have been less discouraging underneath the surface. The Standard & Poor's 500 index slumped 1.4% a day after setting an all-time high for the 38th time this year. Losses for Nvidia and other Big Tech heavyweights also dragged the Nasdaq composite to a loss of 2.

and Japan’s Tokyo Electron continue to ship advanced semiconductor technology to China. The U.S. government has blocked Chinese access to advanced chips and the equipment to make them, citing security concerns, and urged its allies to follow suit. saw its U.S-traded shares drop 12.7% even though it reported sales for the spring that came in at the high end of its forecast range. Shares of Tokyo Electron, meanwhile, dropped 7.5% in Tokyo to cull its gain for the year to 32.2%. Another major chip company, Taiwan Semiconductor Manufacturing Co., sank after former President Trump criticized the self-governed island claimed by Beijing, which the U.S. is obligated by treaty to defend if it is attacked.

 

Terima kasih atas komentar Anda. Komentar Anda akan dipublikasikan setelah ditinjau.
Berita ini telah kami rangkum agar Anda dapat membacanya dengan cepat. Jika Anda tertarik dengan beritanya, Anda dapat membaca teks lengkapnya di sini. Baca lebih lajut:

 /  🏆 11. in İD

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

Wall Street rises to more records as big tech stocks keep climbingU.S. stocks rallied to more records as gains for technology companies keep pushing the market higher
Sumber: latimes - 🏆 11. / 82 Baca lebih lajut »

European stocks mostly weaken; sentiment hit by tech-led weakness on Wall StreetEuropean stocks mostly weaken; sentiment hit by tech-led weakness on Wall Street
Sumber: Investingcom - 🏆 450. / 53 Baca lebih lajut »

Here are 5 key things we're watching closely in the stock market this weekWall Street managed to finish higher despite Thursday's brutal rotation out of tech stocks.
Sumber: CNBC - 🏆 12. / 72 Baca lebih lajut »