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.
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