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Chip Stocks Sink on Down Day For Wall Street | Closing Bell
Posted
May 12, 2026
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May 12, 2026
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9:58Now PlayingWatch comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec.
A selloff in high-flying chipmakers drove stocks lower, with the market also falling alongside bonds after inflation data showed the impacts of energy disruptions stemming from the war in Iran.
The faster-than-estimated core consumer price index halted a rally in equities, with the S&P 500 dropping from a record. The Nasdaq 100 slid almost 1%. A gauge of semiconductor firms sank 3%. Renewed inflation worries spurred an increase in Treasury yields, with traders boosting bets on a Federal Reserve interest-rate hike in 2027. US crude topped $102.
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