Stocks Tumble as Chip Rout and Oil Spike Hit Wall Street, Europe Ends Split

Stocks Tumble as Chip Rout and Oil Spike Hit Wall Street, Europe Ends Split Wall Street took a sharp hit Tuesday, with the tech-heavy Nasdaq sliding 0.9% and the S&P 500 losing 0.49% just a day after hitting an all-time high [135604]. The sell-off was led by a rout in semiconductor stocks, while rising oil prices added to the pressure across sectors [135604]. In Europe, markets closed mixed: France’s CAC 40 dropped 0.46% and Germany’s DAX fell 0.27%, while the UK’s FTSE 100 managed a slight 0.11% gain [135626]. Investors across both continents are weighing fresh earnings reports against ongoing geopolitical fears and uncertainty over central bank interest rate policies [135626][135604]. The Dow Jones Industrial Average slipped 0.05%, caught between record highs in tech and drags from energy costs [135604][134676]. European Stocks End Mixed: France and Germany Dip, UK Edges Up Wall Street Slips: Chip Stocks and Oil Prices Trigger Sell-Off S&P 500 and Nasdaq Hit All-Time Highs as Dow Dips on Oil Jitters