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The three major U.S. stock indices closed mixed, with the chips and semiconductor equipment sectors broadly declining.
Golden Financial reports that on May 13th, the three major U.S. stock indices closed mixed, with the Nasdaq down 0.71%, the S&P 500 down 0.16%, and the Dow up 0.11%. The U.S. stock chip and semiconductor equipment sectors generally declined on Tuesday, with the Philadelphia Semiconductor Index falling over 3%, and briefly dropping nearly 7% during the session. Qualcomm fell over 11%, marking its worst single-day performance since March 2020; Intel and SanDisk dropped over 6%, Micron Technology declined more than 3%, Broadcom, AMD, Applied Materials, and ASML fell over 2%.