US Market Wrap: Dow Rises, S&P 500 & Nasdaq Decline Amid Chip Stock Slump, Oil Exceeds $100

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US Stocks Mixed: Dow Gains, S&P 500 & Nasdaq Fall Amid Chip Slump, Oil Tops $100

US Stocks Mixed: Dow Gains, S&P 500 & Nasdaq Fall Amid Chip Slump, Oil Tops $100

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CNBC TV18•31-03-2026, 01:39

US Stocks Mixed: Dow Gains, S&P 500 & Nasdaq Fall Amid Chip Slump, Oil Tops $100

•US stocks closed mixed; Dow Jones Industrial Average rose 0.1%, while S&P 500 fell 0.4% and Nasdaq Composite dropped 0.9%.
•Chip stocks like Micron and SanDisk experienced a sell-off, dragging down the S&P 500 and Nasdaq.
•Crude oil surged above $100 for the first time since 2022, with West Texas Intermediate at $102.88 and Brent crude over $112.78.
•Oil price pressures intensified due to the Iran conflict and supply concerns around the Strait of Hormuz.
•Federal Reserve Chair Jerome Powell stated inflation expectations remain "well anchored" despite rising energy costs.

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