US Stocks Extend Decline
Wall Street closed in the red to extend a sell-off triggered by sharp weekly declines in Big Tech, the US-China tensions, still-high coronavirus cases in the US, and worse-than-expected unemployment data. On the corporate side, Intel shares plunged 16% after the chipmaker revised downwardly its guidance for Q3 and delayed the release of its next-generation chips. The Dow Jones fell 182 points or 0.6% to 26,470. The S&P 500 dropped 20 points, or 0.6% to 3,216. The Nasdaq shed 98 points, or 0.9% to 10,363. During the week, the Dow Jones declined 0.7% and the S&P 500 lost 0.2%, both suffering its first negative week in four. Meantime, the Nasdaq tanked 1.3%, its first back-to-back weekly losses since May.
26 hours ago