[New York stocks] Fall across the board on oil-price shock; chip stocks rebound

[Financial News]  

New York stocks fell across the board on the 23rd (local time). Fears that the United States and Israel would soon resume airstrikes on Iran drove international oil prices up more than 3%, dampening investor sentiment.
The Dow Jones Industrial Average (DJIA), which had closed with modest gains the previous day, fell 1.23% that day, the steepest decline among the three major indexes.
The technology-heavy S&P 500 and NASDAQ indexes posted relatively modest declines that day.
Meanwhile, market heavyweight NVIDIA fell 0.6%, but semiconductor stocks managed to rebound.

The DJIA closed at 52,215.16, down 652.82 points (1.23%) from the previous session.
The S&P 500 fell 39.75 points (0.52%) to 7,623.68, while the NASDAQ, unable to hold on to its mid-session rebound, ended 53.52 points (0.21%) lower at 25,955.34.
On a weekly basis, the indexes moved in opposite directions for the second week in a row.
The DJIA, which posted a weekly gain of 0.7% last week, rose another 0.4% this week.
By contrast, the S&P 500 and NASDAQ, which had recorded weekly losses of 2% and 4.5%, respectively, fell a further 0.47% and 0.71%, respectively, this week.
The NASDAQ-100 Index, comprising 100 large-cap technology stocks, was little changed from the previous day. It closed at 28,957.53, down 1.16 points (0.00%). TQQQ, a leveraged exchange-traded fund (ETF) that tracks three times the index’s daily moves, closed at $66.29, down $0.13 (0.20%).

Semiconductor stocks managed to rebound, although sector heavyweight NVIDIA struggled.
Micron rose $21.06 (2.46%) to $877.55, while SK hynix American depositary receipts (ADRs) surged $5.33 (4.05%) to $137.02.
Intel also gained $1.47 (1.72%) to $86.96, while AMD closed at $516.79, up $8.86 (1.74%).
Some stocks struggled, however: NVIDIA fell $1.25 (0.59%) to $210.96, and Western Digital (WD) slid $10.52 (2.97%) to $1,238.03.
SOXL, a leveraged ETF that tracks three times the daily moves of 30 major semiconductor stocks, closed at $83.59, up $1.48 (1.80%).

Big Tech stocks moved in opposite directions.
Alphabet Inc. fell $4.01 (1.24%) to $320.21, while Apple Inc. ended its recent upward run, slipping $0.49 (0.14%) to $347.73. Amazon.com, Inc. and Meta Platforms Inc. also fell 0.95% and 0.96%, respectively.
Tesla finished trading at $372.22, down $2.36 (0.63%).
By contrast, Palantir rose $0.56 (0.29%) to $196.75, while SpaceX gained $2.74 (1.89%) to $147.49.

Cybersecurity stocks performed strongly.
This followed news of a security vulnerability in PHP, a programming language used for internet websites.
CrowdStrike soared $19.63 (8.25%) to $257.57, while Palo Alto Networks surged $25.63 (7.22%) to $380.55.
The Global X Cybersecurity ETF (BUG), which comprises cybersecurity stocks, surged $2.37 (4.98%) to $49.93.

[email protected] Song Kyung-jae Reporter