Nasdaq Sees Worst Session Since 2022 As Chip Stocks Tumble After Trump’s Taiwan Remarks and Biden’s Potential Restrictions

The CNN Money Fear and Greed index showed a decline in the overall market sentiment, with the index moving to the “Neutral” zone on Wednesday.

U.S. stocks closed mixed on Wednesday, with the Nasdaq Composite recording its worst session since Dec. 2022.

On the economic data front, industrial production in the U.S. climbed 0.6% from a month ago in June compared to market estimates of a 0.3% gain. U.S. housing starts increased by 3% from the prior month to an annualized rate of 1,314,000 in June, while building permits climbed by 3.4% to an annual rate of 1.446 million in June.

Semiconductor stocks moved lower on Wednesday amid reports Biden is considering further China restrictions and Trump asking Taiwan …

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