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US Stocks Decline Amid Tech Earnings Woes | Markets & Money News
US stocks have dipped as investors analyze tech earnings amid credit market volatility and macroeconomic challenges. The semiconductor sector faces significant losses, raising concerns about AI infrastructure investments. While Microsoft performs decently, Amazon and Alphabet struggle, especially with Alphabet's supply issues. Oil prices surged to about $117 per barrel due to geopolitical tensions, and the 10-year Treasury yield has dropped below five percent, shifting focus to growth concerns.
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