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The Dow Jones Industrial Average dropped 436 points on Tuesday, marking its worst single-session decline since June 13, closing at session lows. The S&P 500 also fell amidst rising inflation concerns, while the Nasdaq achieved a second-straight record close.
Nvidia’s plans to resume chip sales to China positively impacted semiconductor and tech stocks, despite rising bond yields which saw the 10-year Treasury yield hover just below 4.5%.
Additionally, August-dated West Texas Intermediate (WTI) crude oil fell by 46 cents (0.7%) to settle at $66.52 a barrel, amidst easing supply fears.
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