Micron infects chipmakers as Nasdaq leads stock selloff

  • Micron infects chipmakers as Nasdaq leads stock selloff

    U.S. stocks ended lower across the board led by the tech-heavy Nasdaq Composite's 1.19% drop as Micron became the latest chip company to cut sales forecasts. Consumer discretionary names dragged on the S&P 500 ahead of the consumer price index, due Wednesday, which is expected to show prices remain elevated rising 8.7% for July. In commodities, oil closed fractionally lower at $90.50 per barrel.

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