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The Economic Times

Business

US stocks today: S&P 500, Nasdaq fall as chip stocks weaken; earnings and data in focus

Nasdaq United States Oil

The S&P 500 and the Nasdaq fell on Thursday as renewed weakness in chip stocks overshadowed an upbeat start to second-quarter earnings, while investors parsed fresh economic data for clues on the health of the economy.

Semiconductor stocks extended losses from the previous session. The Philadelphia SE Semiconductor index fell 3.8%.

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