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via finance.yahoo.comMarkets

Tech stocks stumble as the sell-off spreads to software

FROM THE WIRE · FINANCE.YAHOO.COM

Yahoo Finance Data and Markets Editor returns to Market Domination to break down a turbulent week for chip stocks (SOXX), as selling pressure spreads to the software sector. Explaining how the Cboe Volatility Index (^VIX), Wall Street's closely watched fear gauge, is responding…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishLosses in chip and software stocks weigh on major US indices while volatility rises.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01The Dow started in the green and is now down about half a percent.
  2. 02The Nasdaq Composite fell, with chip stocks under heavy pressure this week.
  3. 03Oil is cited as one of the culprits behind the market turmoil.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
iShares Semiconductor ETFSOXXETF493.39 USDMarket closedtoday -4.14%Negative NASDAQ CompositeINDEX:IXICIndex26,140.03Market closedtoday -2.14%Negative S&P 500INDEX:SP500Index7,661.22Market closedtoday -1.07%Negative Dow Jones Industrial AverageINDEX:DJIIndex52,002.41Market closedtoday -0.34%Negative CBOE Volatility IndexINDEX:VIXIndex19.99Market closedtoday +21.45%Positive Crude Oil WTICOMMODITY:WTICommodity99.02 USD+0.08%today +1.07%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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