US equities were broadly lower on Tuesday after Samsung’s (016360.KS) quarterly earnings reignited a sell-off in semiconductor shares and crude oil prices ticked upward.
The Dow Jones Industrial Average (^DJI) advanced 0.4%, extending gains from a record-setting session on Wall Street. In contrast, the S&P 500 (^GSPC) and Nasdaq Composite (^IXIC) declined 0.1% and 0.5%, respectively.
Volatility persisted in technology trading after Samsung posted blockbuster second-quarter profits. Robust artificial intelligence demand drove a 19-fold jump in the company’s Q2 operating profit, but uncertainty over its AI investment strategy and forward demand unsettled investors, prompting wider semiconductor sector weakness.
The technology pullback pressured benchmarks on Tuesday, a day after a rally pushed the Dow beyond 53,000 to a fresh high. The S&P 500 and Nasdaq also rose Monday as renewed confidence in AI-related names emerged following June’s chip stock downturn.
Oil prices moved higher amid reports of Iranian strikes on commercial vessels in the Strait of Hormuz. Shipping traffic through the vital channel had been recovering, yet markets stay alert to potential disruption of the fragile US-Iran accord. Brent crude futures (BZ=F) briefly exceeded $73 a barrel, while WTI crude (CL=F) reached $69 per barrel.
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