US stocks close mixed amid rising oil prices and weak tech stocks
SKHY SK Hynix Inc ADR
$162.23 -4.02%
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- 1Brent crude oil prices rose to reach 106 dollars per barrel.
- 2The tech sector plunged as Micron and SK hynix led the decline in chip stocks due to intensifying competition with China.
- 3JPMorgan, Wells Fargo, and Citi are scheduled to report earnings on Tuesday.
So what's the key point?
The US market ended with mixed results as oil prices rose to 106 dollars per barrel and semiconductor stocks fell. Stock prices for companies like Micron and SK hynix declined due to increasing competition with China.
Source Yahoo Finance +1 · View original ↗
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