US Inflation and Semiconductor Slump Weigh on Wall Street
US stocks fell as inflation hit a three-year high of 3.8 percent and chip shares dropped. Rising oil prices and bond yields added to pressure on Tuesday.
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The United States S&P 500 fell 0.2% on Tuesday as a semiconductor slump and rising inflation data pressured equity markets. Tech stocks led declines, with the Nasdaq dropping 0.7% after U.S. consumer prices reached a three-year high of 3.8%. Rebounding energy costs and negative real wage growth are forcing investors to price out 2026 interest rate cuts.
