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US shares fell on Friday as buyers fret a few potential slowdown within the semiconductor area.
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Reuters reported that Taiwan Semiconductor informed its suppliers to delay some order shipments.
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Traders are additionally turning their consideration to the Federal Reserve’s assembly subsequent week.
US shares fell on Friday as buyers grew involved a few potential slowdown within the semiconductor area.
Expertise shares led the decline after Reuters reported that Taiwan Semiconductor informed its suppliers to delay some order shipments amid issues of a slowdown within the area. The iShares Semiconductor ETF offered off by greater than 3% on Friday.
The United Auto Employees went on strike in opposition to Detroit’s prime automakers. It represents the primary time in historical past that staff on the Large 3 — Ford, Normal Motors, and Stellantis — went on strike on the identical time. Almost 13,000 autoworkers are placing for elevated pay amid the transition from gasoline-powered vehicles to electrical automobiles.
Traders at the moment are turning their consideration to the Federal Reserve’s assembly subsequent week. Markets at present count on the Fed to carry rates of interest regular as inflation reveals indicators of cooling down.
This is the place US indexes stood on the 4:00 p.m. closing bell on Friday:
This is what else occurred right now:
In commodities, bonds, and crypto:
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West Texas Intermediate crude oil rose 0.96% to $91.03 a barrel. Brent crude, the worldwide benchmark, edged up 0.39% to $94.07 a barrel.
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Gold climbed 0.68% to $1,945.90 per ounce.
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The yield on the 10-year Treasury bond rose three foundation factors to 4.33%.
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Bitcoin fell 0.41% to $26,423.
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