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Stock Market Today: Tech Selloff Deepens, Oil Slips
The S&P 500 and Nasdaq have declined amid a deepening selloff in technology and chip stocks. Market pressure stems from doubts over AI spending and semiconductor losses in Korea. Oil prices have fallen while investors track US-Iran negotiations.
What changed
Technology stocks and the semiconductor sector are leading a broader market slide.
Live updates
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Tech Selloff Drags Down Nasdaq and S&P 500 as Oil Prices Drop
confidence 85%The S&P 500 and Nasdaq have declined amid a deepening selloff in technology and chip stocks. Market pressure stems from doubts over AI spending and semiconductor losses in Korea. Oil prices have fallen while investors track US-Iran negotiations.
What's confirmed:
- The S&P 500 and Nasdaq closed down.
- Oil prices have fallen.
- A selloff in technology stocks has pressured the S&P 500.
- Investors are monitoring developments in US-Iran negotiations.
Still unconfirmed:
- Korean memory chipmaker losses fueled doubts about the AI trade.