Nasdaq Slips as Chip Stocks and Bank Earnings Weigh

The Nasdaq closed lower as chipmakers extended recent losses amid rising competition concerns. Meanwhile, investors parsed mixed quarterly financial results from major United States banks.

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Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., September 29, 2026. REUTERS/Jeenah Moon

The Nasdaq fell 0.15% to 27,204.38 points on Tuesday as chipmakers extended losses and investors evaluated mixed bank earnings in the United States.

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