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US stocks closed mixed as the Nasdaq fell 1.25% and the Dow gained 52 points. Chip stocks tumbled 3.39% as Brent crude surged 3.48% amid supply fears.
What Happened? A number of stocks fell in the afternoon session after rising Treasury yields and climbing oil prices dampened investor sentiment ahead of the release of the Federal Reserve's September meeting minutes, as reported by AP News.Yields on benchmark U.S. government debt pushed higher, wi…
US stocks retreat as oil surges, Treasury yields rise and Fed hike risks grow, putting pressure on technology shares and the Nasdaq.