Chip Stocks Recovered Today and the Major Indexes Fell Anyway
Yesterday Wall Street feared an AI slowdown. Today it found something older to worry about.
Overview
Yesterday the market was worried about artificial intelligence. Today it went back to worrying about interest rates, which have a much longer track record.
The Dow Jones Industrial Average (DJINDICES: ^DJI) dropped 0.7% as of 1:16 p.m. ET, with the Nasdaq Composite (NASDAQINDEX: ^IXIC) matching it. The S&P 500 (SNPINDEX: ^GSPC) took a lighter hit, falling 0.4%. Only seven of the Dow's 30 stocks posted gains at this checkpoint.
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.