Dow Cuts Loss as Lam Tumbles 10% — SkimNews
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- Dow cut its loss while chip stocks were hammered, with Lam tumbling 10% amid the semiconductor weakness.
- Middle East tensions and rising oil prices dragged U.S. equity futures lower pre-bell; higher oil prices were also cited as hitting global equities.
Why it matters: Lam investors faced a 10% drop even as the Dow pared its losses, a pronounced split within the market rather than a uniform sell-off. Broader coverage also links higher oil prices, alongside Middle East tensions, to lower U.S. futures and weaker global equities.
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