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Wall Street shifts amid chip and geopolitical issues
The Standard & Poor's 500 index experienced a slight decline (+0.05%) amid pressure on semiconductor stocks, while the Nasdaq dropped by 0.6%. The Dow Jones rose approximately 0.5%, supported by Apple's performance. This occurred alongside a decline in oil prices and reports of a Pakistani study to initiate peace negotiations between the United States and Iran, mediated by China. Meanwhile, the escalation of military tensions in the Middle East poses economic risks to oil supplies. U.S. President Donald Trump announced that he is considering launching a large-scale attack on Iran. Oil prices fell after Brent futures briefly surpassed $100 for the first time since May, with Trump emphasizing that the situation in the region could lead to economic disturbances. The U.S. market saw a decline in technology stocks, such as Intel, which fell by 8%, amid expectations of increased market volatility due to Middle Eastern events and geopolitical tensions. The Dow and S&P are heading for weekly losses of approximately 0.5% and 0.7%, respectively, while the Nasdaq faces losses exceeding 2%.
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