S&P 500 slips 0.1% and Nasdaq 100 drops 0.4% as chip-stock dip buying fades
U.S. stocks finished mixed, with the Nasdaq 100 down 0.4%, the S&P 500 off 0.1% and the Dow up 0.4%. Chipmakers extended their slide for a third session, fueling questions over the pace of the rally in AI-related stocks since late March. Micron Technology is due to report after the close, after its daily turnover topped $70 billion. Oil fell below $70 a barrel as weak housing data added to expectations the Federal Reserve could turn less hawkish, though near-term sentiment was led by pressure on technology shares.