First reported by Zawya
Stocks stumble as tech slides despite Samsung's record profit; oil rises
Wall Street sees mixed performance; Dow rises 0.3%, Nasdaq falls 0.8% as AI stocks slide
By
TOI Business Desk
2h agoen
Source
US stocks traded mixed on Tuesday as technology shares faced pressure. Declines in artificial intelligence and semiconductor stocks weighed on the Nasdaq Composite. The S&P 500 also slipped, while the Dow Jones Industrial Average saw gains. This weakness followed a sharp sell-off in Asian markets, particularly South Korea's Samsung Electronics. Oil prices moved higher after a tanker incident in the Strait of Hormuz.
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