Chip Selloff Dents Nasdaq as Oil Slides Ahead of Fed Decision
TL;DR Summary
US stocks opened mixed with chip shares retreating after a report on a Chinese chipmaking equipment maker; the Dow rose about 0.5%, the S&P 500 slipped roughly 0.1%, and the Nasdaq fell around 0.5% as oil prices dropped more than 5% ahead of a Federal Reserve decision this week and a wave of Big Tech earnings.
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