LIVE MARKETS-Wall Street stocks fall early with chips down
NVIDIA Corporation NVDA | 0.00 | |
Dow Jones Industrial Average DJI | 0.00 | |
Invesco PHLX Semiconductor ETF SOXQ | 0.00 | |
CBOE Volatility Index | 0.00 | |
S&P 500 index SPX | 0.00 |
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WALL STREET STOCKS FALL EARLY WITH CHIPS DOWN
The three major U.S. stock indexes are lower in early trading on Tuesday, with the Nasdaq .IXIC down 1.5% and chip stocks falling sharply.
An index of semiconductors .SOX is down more than 6.5%, while the S&P 500 technology sector .SPLRCT is down more than 2.5%, and is leading sector decliners in the S&P 500 .SPX.
The weakness follows a drop in Samsung Electronics' 005930.KS shares in South Korea despite the company reporting a jump in quarterly operating profit.
In other news in the semiconductor world, Reuters reported that Chinese startup DeepSeek is developing its own AI chip, a move that could reduce its dependence on Nvidia NVDA.O and Huawei chips.
Nvidia shares are down 1.9%.
Here is the early market snapshot:
(Caroline Valetkevitch)
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