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The S&P 500 dipped on Thursday, with Intel and other chip stocks retreating.
Arm Holdings shares fell 10% due to concerns over securing AI chip supplies, despite strong forecasts.
KEY POINTS
- The PHLX chip index dropped 2.4%, reducing its quarterly gain to 45%.
- Datadog surged 29% after raising its full-year earnings forecast, boosting cybersecurity stocks like CrowdStrike and Palo Alto Networks.
- Whirlpool shares slumped 13% after missing first-quarter sales expectations and suspending its dividend.
- Sources indicate the U.S. and Iran may reach a temporary agreement halting war but not core disputes.
COMPANIES
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