Business
Chip Stocks Tumble in Roller-Coaster Market
Stocks took a wild ride on Tuesday. Shares rose at the open before a midday selloff, then made up some ground toward the end of the session. The Nasdaq composite fell about 1%, and the S&P 500 declined 0.3%. The Dow Jones Industrial Average added 0.2%.
Chip stocks fell sharply. Marvell Technology dropped 7.6% and Advanced Micro Devices sank 3%. Computer-memory maker Micron Technology declined 1.4%. The pullbacks led to a 1.9% drop for the PHLX Semiconductor Sector index.
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