Business · Markets · 5 hrs ago
US stocks close mixed as chip shares fall and oil prices rise
US stock markets ended the day with mixed results: the Dow Jones rose, while the S&P 500 and Nasdaq fell.
Micron shares dropped after a Chinese competitor said it had made progress developing chips, and other major US chipmakers also lost value.
Oil prices rose after Ukraine's president said Russia had violated a ceasefire on attacks against energy infrastructure.
The ceasefire had been announced by US President Donald Trump, who also said Russia would supply diesel fuel to the United States and global markets.
Attacks on Saudi Arabia's airports and energy facilities by Iran-backed Houthi forces added to concerns about geopolitical risks.
Higher oil prices matter to investors, while Federal Reserve officials are also weighing how to keep inflation under control.
Investors are watching for US September inflation data, the Fed's Beige Book and results from major banks this week.
US stocks closed mixed, with the Dow Jones rising while the S&P 500 and Nasdaq fell.
Chip shares declined after a Chinese competitor reported progress in developing chips.
Oil prices rose after Ukraine’s president said Russia had violated an energy-infrastructure ceasefire.
Concerns about geopolitical risks also followed attacks on Saudi Arabian airports and energy facilities.
Investors are watching US inflation data due this week and earnings from major banks.
- Who
- US stock market investors and companies.
- What
- Stocks closed mixed as chip shares fell and oil prices rose.
- When
- October 12, 2026.
- Where
- New York.
- Why
- Chip shares came under pressure after a Chinese competitor reported progress in chip development, while oil prices rose amid concerns about ceasefire violations and geopolitical risks.
This story does not have two clearly opposing sides.
Donald Trump said he had agreed with Vladimir Putin on Russia supplying millions of tons of diesel fuel to the United States and global markets.
Oil prices fell after Trump announced a ceasefire between Ukraine and Russia on attacks against energy infrastructure.
Volodymyr Zelenskyy said Russia had violated the ceasefire, after which oil prices rose.
- Dow Jones
- Rose 0.38% to 51,850.55 points
- S&P 500
- Fell 0.06% to 7,807.24 points
- Nasdaq
- Fell 0.44% to 27,245.90 points
- Micron Technology
- Shares fell about 4%
- Brent crude
- December futures rose 1.3% to $106.05 a barrel at 23:10 Türkiye time
- West Texas Intermediate
- Rose 1.5% to $93.20 a barrel at 23:10 Türkiye time
What people are saying
I think it is generally better to make smaller adjustments when possible and implement them relatively quickly, rather than wait and risk needing a more substantial course correction.
Sources
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