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U.S. stocks fell on Friday as investors worried about a possible slowdown in the semiconductor space.
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Reuters reports that Taiwan Semiconductor has told its suppliers to delay some order shipments.
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Investors are also turning their attention to next week’s Federal Reserve meeting.
US stocks fell on Friday as investors worried about a possible slowdown in the semiconductor space.
Tech stocks led the decline after Reuters reported that. Taiwan Semiconductor told its suppliers to delay some order shipments Amid the threat of spatial stagnation. The iShares Semiconductor ETF traded up more than 3 percent on Friday.
of United Automobiles went on strike Detroit’s top auto manufacturers. For the first time in history, it represents employees in the Big 3 – Ford, General MotorsAnd Stellar – He went on strike at the same time. About 13,000 auto workers are on strike for higher wages amid the transition from gasoline-powered cars to electric vehicles.
Investors are turning their attention to next week’s Federal Reserve meeting. Markets currently expect the Fed to keep interest rates on hold as inflation shows signs of slowing.
Here’s where U.S. indices stood at the opening bell on Friday at 4:00 p.m.
Here’s what else happened today:
In commodities, bonds and crypto:
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West Texas Intermediate Crude oil rose 0.96 percent to $91.03 a barrel. Brent RawThe global benchmark rose 0.39% to $94.07 a barrel.
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Gold It rose 0.68% to $1,945.90 an ounce.
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The yield on the 10-year Treasury note rose three basis points to 4.33 percent.
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Bitcoin It decreased by 0.41% to 26,423 dollars.
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