Nasdaq Drops on Chip Sell-Off; Oil Falls
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- The Nasdaq sank as sellers hit memory chips, leaving the S&P 500 little changed on Friday amid Iran fears weighing on the market (per Investor's Business Daily and CNBC)
- Crude oil prices fell for the first time in a week and Treasury yields slid, even as Iran tensions persisted — a divergence CNBC and AP flagged but the lead framing largely overlooked
Why it matters: Three outlets converged on the same narrative — chip-sector pressure and Iran anxiety keeping major indexes flat — but the buried consensus is that oil reversed course for the first time in a week despite those same tensions, suggesting traders read the Iran risk as priced in rather than escalating.
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