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Three Major U.S. Stock Indices Open Lower, Chip Stocks See Broad Decline Following Days of Gains
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Author：小编
On May 12, 2026, the three major U.S. stock indices started the trading day on a downward note. The Dow Jones Industrial Average dipped by 0.04%, the S&P 500 Index shed 0.35%, and the Nasdaq Index fell by 0.73%. Chip stocks, in general, experienced a downturn, with significant losses observed in companies such as Micron Technology, AMD, Intel, and Qualcomm. Shares of TSMC, Broadcom, and ASML also saw a slight decline. In other market developments, Under Armour's stock price took a sharp hit, plummeting by 15%, as the company reported a 4% year-on-year decrease in revenue for the 2026 fiscal year, bringing it down to $5 billion.
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