Mixed Signals: Semiconductor Selloff Trumps Oil Price Drop

New York stocks ended mixed as a selloff in semiconductor-related shares offset a drop in oil prices.

The Dow Jones Industrial Average rose 0.46% to 51,947.25, while the Nasdaq Composite fell 0.64% to 24,975.82.

Nvidia and other major chip stocks declined due to market doubts over continued investment in artificial intelligence infrastructure.

The Philadelphia Semiconductor Index also dropped 4.25%, led by Intel's 7.89% decline after it reported second-quarter earnings that beat expectations but fell short on customer growth for its foundry business.