S&P 500, Dow, Nasdaq end second week lower over elevated oil prices, chipmaker rout — PSKY, UBER, QCOM, VZ, INTC in focus
Complete. Here is the key summaryUS stock indices ended mixed, marking a second consecutive week of declines driven by elevated oil prices and tech sector volatility. The S&P 500 rose slightly, while the Nasdaq 100 fell 1.2%. Oil prices rebounded on geopolitical news but remain high ahead of the Fed meeting. Key corporate developments include Qualcomm raising smartphone processor prices, Paramount Skydance pausing its Warner deal, and Verizon signing a major fiber agreement with Google.
・The S&P 500 ended 0.1% higher, while the Nasdaq 100 slipped 1.2% and the Dow Jones Industrial Average ended 0.5% higher. ・Qualcomm, the biggest maker of smartphone processors, plans to increase prices. ・Paramount Skydance agreed not to close its blockbuster $110-billion Warner deal until June next year. U.S. stock indices ended mixed on Friday, en...