Chip sell-off drags stocks off record highs
Samsung's results and DeepSeek's chip plans triggered a semiconductor rout, sending the Nasdaq down 1.16% and the S&P 500 off its brush with a fresh record.
Business & Markets
Stocks, deals, and the forces moving the economy.
Oil jumps after Strait of Hormuz attack
Crude surged after an attack on a tanker near the Strait of Hormuz, with WTI climbing above $70 on fears of renewed disruption to global energy supplies.
SpaceX joins the Nasdaq-100
Elon Musk's rocket company officially entered the Nasdaq-100, becoming the first to qualify under newly created "fast-track entry" rules for mega-IPOs.
NATO picks Saab GlobalEye over Boeing
The alliance unveiled a roughly $4.5 billion plan to buy up to 10 Saab GlobalEye surveillance planes to replace its aging AWACS fleet, lifting Saab shares.
Fiserv weighs sale of debit network
Fiserv shares jumped after reports it is in talks to sell its debit-card network to big banks including JPMorgan and Bank of America.
Dow slips from record close
The blue-chip Dow eased 0.25% to 52,925 as the broad market pulled back from record territory, weighed down by the day's chip-led selling.