Nasdaq and S&P 500 close lower as Hormuz deal hopes fade

1. 1Nasdaq and S&P 500 closed lower on Monday, with semiconductor stocks including Intel weighing on the market
2. 2US crude settled at $82.13 per barrel, up about 5%, as expectations for a deal to reopen the Strait of Hormuz faded
3. 3Intel fell 4.1% after announcing a $15 billion stock sale plan, while higher oil prices stoked inflation and rate worries

Source Reuters +1 · View original ↗

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