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BTCC / BTCC Square / Global Cryptocurrency /
U.S. Stocks Retreat as Tech Selloff Outweighs Oil Price Relief

U.S. Stocks Retreat as Tech Selloff Outweighs Oil Price Relief

Global Cryptocurrency
Author:
Global Cryptocurrency
Release Time:
2026-06-09 22:38:01
0
BTCCSquare news:

Chip stocks led a broad market decline, dragging the Nasdaq down 1.8% as enthusiasm over artificial intelligence plays waned. The iShares Semiconductor ETF tumbled nearly 6%, with Micron and Broadcom extending losses amid concerns the sector's rally had outpaced fundamentals.

While falling crude prices below $90 offered some respite, tech weakness dominated trading sessions. The S&P 500 dropped 0.9% as investors reassessed positions after Monday's rebound, with the Dow industrials slipping 84 points in a cautious market mood.

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