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US close: Chip stocks drag markets lower as Nasdaq sinks 1.5%

By Benjamin Chiou

Date: Thursday 16 Jul 2026

(Sharecast News) - US stocks slid on Thursday as chip stocks continued to be pressured lower in spite of a blockbuster set of results from TSMC, while oil prices were volatile amid concerns of an escalation of conflict in the Middle East.
The Dow and S&P 500 ended 0.2% and...

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