Tech stocks stumble as earnings loom and Iran tensions ripple markets
TL;DR Summary
Chip and AI-related stocks slid as investors awaited big-tech earnings, the Fed decision, and developments in the U.S.-Iran war, with the Nasdaq down around 0.25%; Nvidia and Micron posted gains while AMD, Broadcom, and Marvell fell, and oil prices rose on Strait of Hormuz disruptions, fueling inflationary pressures and cautious market sentiment.
- AI, chip stocks fall ahead of Big Tech earnings, Iran war developments Seeking Alpha
- S&P 500 drifts higher to record levels, but gains capped as oil rises: Live updates CNBC
- Stock Market Today, April 27: Rally Stalls at Midday as Iran Talks Falter Yahoo Finance
- US stocks hover near their records as oil prices rise AP News
- Wall Street indexes enter earnings-heavy week on cautious footing Reuters
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