Macro Finance
Chipmakers Post Longest Weekly Drop Since November
Bloomberg Markets·October 23, 2026·1 min read
Chipmakers posted their longest weekly drop since November as oil prices near $117 stoked inflation fears ahead of the Federal Reserve's rate decision. Most S&P 500 firms fell, the Dow slipped 1.2%, and Treasuries gave back gains. A gauge of chipmakers edged up but still ended the week lower, with tech selling pressure easing.
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