Stock market today: S&P 500, Nasdaq slip as chip sell-off continues - Yahoo Finance — SkimNews
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- S&P 500 and Nasdaq slipped as a chip sell-off extended into a second day, with tech shares dropping alongside a jump in a wholesale inflation reading
- Baird's Mortonson said Wall Street is "tiring of the Bank of Nvidia, the Bank of AMD and the Bank of Broadcom," framing the three chip giants' market grip as a growing burden
Why it matters: A second straight day of chip-led selling pressure, combined with a Baird analyst saying investors are 'tiring' of Nvidia, AMD, and Broadcom's dominance, marks a sentiment shift around the mega-cap chip trade that has anchored recent market gains.
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