Market Insight

2024.07.18 08:26

US News US stocks slide as Biden plan to tighten China chip

(Infocast News) US stocks were mostly lower on Wednesday after as tech slid on bad news in the chip sector. The Biden administration is considering the strictest trade restrictions yet on China and its ability to access semiconductor products that utilize American technology. The DJIA rose 243.60 points or 0.59%, to 41,198.08. The S&P 500 fell 78.93 points or 1.39%, to 5,588.27. The Nasdaq Composite fell 512.42 points or 2.77%, to 17,996.92. Share performance was mixed in major European markets. The FTSE 100 rose 22.56 points or 0.28%, to 8,187.46. The German DAX fell 80.73 points or 0.44%, to 18,437.30. The French CAC 40 fell 9.22 points or 0.12%, to 7,570.81. (WL)

Data Source：INF