Oil Crashes 8%, Chip Rout Weighs on Nasdaq 100: Stock Market Today
Oil crashes 8% as the U.S. pauses strikes on Iran, but a chip rout erases Wall Street's relief rally ahead of the Fed decision and Magnificent Seven earnings.
Oil prices dropped because fewer bombs might be coming, which should help, but computer chip companies are selling fast, so the market's good mood didn't last long. When big parts of the market move in different directions, it shows people are unsure about what comes next.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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