US Stocks Dip as Chipmakers Retreat

2026-06-26 20:09 By Isabela Couto 1 min. read

US stock indexes closed lower on Friday, with the S&P 500 inching down 0.05%, the Nasdaq 100 losing 1.1%, and the Dow Jones slipping 44 points.

Chipmakers led the declines as investors trimmed positions after Thursday’s rally, which had been fueled by strong guidance from Micron.

Its shares fell 6.7%, while peers Nvidia (-1.6%) and Broadcom (-3.7%) also moved lower.

The Dow traded more in line with its tech-heavy counterparts after Alphabet (-2.2%) replaced Verizon in the index, though it still ended near record highs.

Broader losses were pared as lower oil prices eased inflation concerns, after evidence that tankers continued crossing the Strait of Hormuz improved the supply outlook for Middle Eastern energy and reduced fears of multiple Federal Reserve rate hikes this year.

Still, sentiment remained cautious after President Donald Trump accused Iran of violating the ceasefire agreement by firing at cargo ships transiting the Strait, highlighting the fragility of the truce.



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US Stocks Dip as Chipmakers Retreat
US stock indexes closed lower on Friday, with the S&P 500 inching down 0.05%, the Nasdaq 100 losing 1.1%, and the Dow Jones slipping 44 points. Chipmakers led the declines as investors trimmed positions after Thursday’s rally, which had been fueled by strong guidance from Micron. Its shares fell 6.7%, while peers Nvidia (-1.6%) and Broadcom (-3.7%) also moved lower. The Dow traded more in line with its tech-heavy counterparts after Alphabet (-2.2%) replaced Verizon in the index, though it still ended near record highs. Broader losses were pared as lower oil prices eased inflation concerns, after evidence that tankers continued crossing the Strait of Hormuz improved the supply outlook for Middle Eastern energy and reduced fears of multiple Federal Reserve rate hikes this year. Still, sentiment remained cautious after President Donald Trump accused Iran of violating the ceasefire agreement by firing at cargo ships transiting the Strait, highlighting the fragility of the truce.
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