#stocks #inflation #YahooFinance #recession #bitcoin #Biden #Stockmarket #coronavirus #memestocks #Fed #YahooFinance #investing #stockmarket #crypto To get the latest market news check out finance.yahoo.com US stocks closed lower on Tuesday as investors reacted to downbeat earnings from ASML Holding (ASML) that dropped a day earlier than expected, sending chipmaker stocks lower across the board. Shares of the leading semiconductor supplier sank more than 15% after its earnings, released in an apparent error, showed a disappointing sales outlook for 2025. Nvidia (NVDA) shares fell in tandem, dropping around 5% to slip back from their freshly minted high. AMD (AMD) stock also dipped 5%. The Dow Jones Industrial Average (^DJI) edged down about 0.8%, or more than 300 points, on the heels of closing above 43,000 for the first time. The blue-chip index was dragged down by UnitedHealth Group (UNH), which saw shares fall around 8% after its 2025 profit guidance missed estimates. Meanwhile, the benchmark S&P 500 (^GSPC) also dropped roughly 0.8% to fall from Monday's all-time high, while the tech-heavy Nasdaq Composite (^IXIC) sank around 1%. Investors also assessed a fresh crop of bank earnings before the bell with Goldman Sachs (GS) reporting a 45% surge in third quarter profit from a year ago, thanks to a rise in dealmaking. Similarly, Bank of America's (BAC) posted an earnings beat amid its own outperformance in investment banking. As the rush of earnings starts to broade |
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