Wall Street closes mixed as AI chips slump, oil surges and Dow outperforms
Executive summary: U.S. markets ended the session with a sharp split between cyclicals and high-growth tech. The Dow Jones rose +0.7% to 52,002.41, while the S&P 500 fell -1.9% and the Nasdaq Composite dropped -4.5%. The heaviest pressure came from AI and chip shares, with SOXX tumbling -11.8%, as energy stocks and crude oil rallied on the other side of the tape. [Continue Reading]
360LiveNews Markets Intelligence | 16 Oct 2026 21:15 LONDON
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