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US shares fell on Friday as traders fret a few potential slowdown within the semiconductor area.
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Reuters reported that Taiwan Semiconductor advised 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 traders grew involved a few potential slowdown within the semiconductor area.
Expertise shares led the decline after Reuters reported that Taiwan Semiconductor advised 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 Staff went on strike towards Detroit’s prime automakers. It represents the primary time in historical past that staff on the Massive 3 — Ford, Common 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 automobiles to electrical autos.
Traders at the moment are turning their consideration to the Federal Reserve’s assembly subsequent week. Markets at the moment count on the Fed to carry rates of interest regular as inflation exhibits indicators of cooling down.
Here is the place US indexes stood on the 4:00 p.m. closing bell on Friday:
Here is what else occurred in the present day:
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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