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The Chronicle Telegram in Elyria, Ohio

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Newspaper

The Chronicle Telegram

Location

Elyria, Ohio, United States of America

Date

Jul 18, 2024

Page

3

Wall Street rally fades as chip stocks slide on trade fears

The market faced a broad retreat with the S&P 500 down 1.4 percent and the Nasdaq 2.8 percent as chatter of harsher U.S. China trade limits weighed on Nvidia and other chipmakers. The Dow rose 243 points amid a mixed session, while small caps slipped after a strong prior run. Kaspersky to exit U.S. operations by July 20 impacts under 50 employees. IMF upgrades China India Europe outlooks but trims U.S. and Japan growth. global inflation easing but services stubborn. Tyson Foods heir John R. Tyson pleads not guilty to driving while intoxicated. trial set to resume. Guo Wengui convicted on nine counts in New York in a sprawling fraud case linked to his online following.

New York Wall Street China Nvidia U.S Bloomberg News Joe Biden Netherlands ASML Japan Tokyo Electron United States Tokyo Taiwan Semiconductor Manufacturing Co Donald Trump Beijing Taiwan Trump Bloomberg Kaspersky Commerce Department Moscow Department Department of Commerce Kaspersky Labs Associated Press Russia Kim Zetter Washington International Monetary Fund India Europe IMF Pierre-Olivier Gourinchas Gourin Gourindas Ukraine Gourinchas Tyson Foods John R. Tyson Tyson Fayetteville Arkansas University of Arkansas Springdale Guo Wenguli Communist Party Guo Damian Williams Miles Kwok Central Park Mar-a-Lago Florida Ryan Finkel

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