U.S. stocks fall for second session as chip, optical networking shares surge

  • U.S. stocks closed lower for a second consecutive session across all three major indexes.
  • Chip and optical networking shares surged despite the broader market decline.
  • Washington announced a swap-based release from the Strategic Petroleum Reserve.

U.S. stocks extended their decline on Tuesday, with the Dow Jones Industrial Average down 0.26%, the S&P 500 down 0.17% and the Nasdaq Composite down 0.09% for a second consecutive lower session. The VIX volatility index fell 0.19%. Chip and optical networking shares surged against the broader market weakness, while the Philadelphia Semiconductor Index rose more than 1%. Marvell, Oracle, KLA, Arm and ASML were among the strongest performers. Washington also announced a swap-based release from the Strategic Petroleum Reserve. Investors continued to monitor inflation and labor-market developments. MSX, described as a leading real-world asset trading platform, has listed hundreds of RWA tokens linked to major U.S. stocks and ETFs, including Nvidia, Alphabet, Microsoft, Amazon, Meta, TSMC and AMD.

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