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More drops for chipmakers weigh on Wall Street
['Stan Choe', 'Associated Press']
Standard Democrat Latest News
NEW YORK (AP) — Most of Wall Street rose Tuesday, even as stocks of computer chipmakers continued to tumble worldwide.
Oil prices, meanwhile, eased further from the two-month high they hit last week.
The majority of the U.S. market rose after more companies delivered stronger profits for the spring than analysts expected.
It’s a rotation that some strategists have suggested could be healthy for the overall stock market.
In the oil market, the price for a barrel of Brent crude to be delivered in October fell 4.4% to settle at $82.08.