Oil prices have been sliding with declining demand expectations and now sit more than 40% below a high of nearly $140 a barrel made shortly after Russia’s invasion of Ukraine.
US markets closed mixed as weak June jobs data cooled rate hike fears. Nasdaq fell on tech and chip stock declines, while the Dow rose
Chip stocks experienced a significant downturn, with major AI rally leaders seeing sharp profit-taking after a record quarter. The VanEck Semiconductor ETF plunged over 5%,
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