Chipmakers Lead Early Selloff as Major Indices Slip
The Nasdaq and S&P 500 opened lower as semiconductor stocks led the decline, with memory-chip names Sandisk (SNDK) and Micron (MU) among the biggest drags after weekend rumors that Apple could source from CXMT; other chipmakers softened, while consumer staples outperformed and names like Airbnb (ABNB) and Visa (V) rose in early trading.