S&P 500, Nasdaq end lower as crude prices jump, chip stocks weigh
US stocks finished mixed on Thursday as the S&P 500 and the Nasdaq retreated while the Dow managed gains. The S&P 500 dropped about half of one percent, and the Nasdaq fell one-and-a-quarter percent. The Dow rose one-tenth of one percent as Treasury yields fell. Crude oil prices surged following a spike in Middle East tensions and a cut in US output, which revived inflation and interest rate hike fears. Meanwhile, semiconductor shares slumped, driven down by a report that OpenAI overstated revenues.
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- ✓ The Dow ended higher as Treasury yields fell.
- ✓ The S&P 500 dropped about half of one percent.
- ✓ The Nasdaq fell one-and-a-quarter percent.
- ✓ Crude prices surged on a spike in Middle East tensions and a cut in US output.
What changed
US equities finished Thursday's trading session mixed, with tech-heavy indices sliding as crude prices jumped and chip stocks faced intense selling pressure.
Live updates
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S&P 500, Nasdaq Decline Amid Crude Surge and Chip Selloff
US stocks finished mixed on Thursday as the S&P 500 and the Nasdaq retreated while the Dow managed gains. The S&P 500 dropped about half of one percent, and the Nasdaq fell one-and-a-quarter percent. The Dow rose one-tenth of one percent as Treasury yields fell. Crude oil prices surged following a spike in Middle East tensions and a cut in US output, which revived inflation and interest rate hike fears. Meanwhile, semiconductor shares slumped, driven down by a report that OpenAI overstated revenues.
Why it matters
The session highlights how sensitive equity markets remain to energy shocks and inflationary pressures. Surging oil prices compound anxiety over monetary policy and borrowing costs, hitting growth-heavy technology and semiconductor sectors particularly hard. Conversely, falling Treasury yields provided some support to the blue-chip Dow, allowing it to buck the broader downward trend.
What is confirmed
- The Dow ended higher as Treasury yields fell.
- The S&P 500 dropped about half of one percent.
- The Nasdaq fell one-and-a-quarter percent.
- Crude prices surged on a spike in Middle East tensions and a cut in US output.
Still unconfirmed
- Chips dropped after a Financial Times report that OpenAI overstated revenues.
What to watch next
- Further movements in crude oil futures and Middle East developments
- Upcoming inflation data and commentary regarding Federal Reserve rate-hike expectations
- Performance of semiconductor stocks following revenue accuracy reports
confidence 100%Sources used for this update (14)
- www.zerohedge.com — S&P Set To Open At Record High As Oil Slides, Bond Rout Takes A Breather | ZeroHedge
- finance.yahoo.com — Stock market today: Dow, S&P 500, Nasdaq futures climb after record-breaking rally
- WSJ — Stock Market Today: Oil Rises, Bonds Fall Again — Live Updates
- Yahoo Finance — Stock market today: Dow, S&P 500, Nasdaq futures fall as oil rises, reviving inflation worries
- AP News — Asian shares decline under pressure from rising bond yields and surging oil prices
- Reuters — Wall St futures decline as oil surge, high yields stoke inflation worries
- MarketWatch — Dow ends higher as Treasury yields fall; tech selloff sends S&P 500, Nasdaq lower
- economictimes.indiatimes.com — US stocks: S&P 500, Nasdaq end lower as crude prices jump, chip stocks weigh
- www.straitstimes.com — S&P 500 and Nasdaq end lower as crude prices jump | The ...
- www.thestandard.com.hk — S&P 500, Nasdaq end lower as crude prices jump, chip stocks weigh - The Standard
- www.businesstimes.com.sg — US stocks: S&P 500, Nasdaq end lower as crude prices jump, chip stocks weigh - The Business Times
- ca.marketscreener.com — S&P 500, Nasdaq end lower as crude prices jump, chip stocks weigh | MarketScreener Canada
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