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International Business Times
International Business Times
Business

Chipmakers' Decline Outweigh Fed Official's Remarks Against Hiking Rates More Than Once. Stocks Edged Down.

Semiconductor Stock Market ChangXin Memory Technologies CXMT John Williams Micron China Memory Anthropic Artificial Intelligence
Stocks edged down on Tuesday as a chip rout outweighed remarks from a Fed official who spoke in favor of not hiking interest rates further this year. (Credit: Reuters)

Stocks edged down on Tuesday as a chip rout outweighed remarks from a Federal Reserve official who spoke in favor of not hiking interest more than once.

The S&P 500 dropped 0.02%, while the tech-heavy Nasdaq Composite did so 0.15%. The Dow Jones Industrial Average underperformed, declining 0.35%.

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