Wall Street slips as semiconductor stocks sink anew

Losses among industrials and information technology stocks paced the S&P 500 modestly lower late in New York’s trading day, even as health care and real estate led seven of the benchmark’s industry sectors higher. A key index of semiconductor stocks was 4.6 per cent lower, as investors continued to pare holdings in some of the year’s highest-flying shares as concerns about the AI trade persist.

Source: AFR

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