Wall Street Wobbles: Microchips and Megacaps Drive Market Downturn

On July 17, 2024, Wall Street witnessed notable fluctuations. The S&P 500 and Nasdaq dipped. Microchip stocks dragged down indexes amid fears of escalating U.S.-China trade tensions. The S&P 500 dropped 1.40% to 5,587.73, and the Nasdaq saw a sharper fall of 2.77%, closing at 17,996.45. In contrast, the Dow Jones bucked the trend, rising […]