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Dow holds near 52,200 after Iran-US de escalation and chip slide

Brent fell about 7% to around $90 and WTI slid to near $84 after oil repriced following the weekend pause.

Reported · Written up by our desk · Indices

The Dow Jones Industrial Average traded near 52,200, up roughly 250 points, after a session that initially pushed the index to just below 52,600. A subsequent semiconductor sell-off dragged it back toward the 52,000 level, before late trading helped it recover about half of the earlier decline, according to FXStreet.

The risk tone improved over the weekend as the United States and Iran stood down after about two weeks of nightly strikes. Oil moved sharply lower as crude repriced hard, with Brent falling around 7% to the $90 level and West Texas Intermediate moving to near $84 after having traded above $100 the prior week.

FXStreet also linked part of the move in global equities to a supply-chain story from China, saying domestic toolmakers began mass producing homegrown deep ultraviolet lithography machines. That development took more than 7% out of the dominant Western supplier and knocked around 3% off the benchmark semiconductor complex, pressuring major chip names including Advanced Micro Devices, Teradyne, and Micron.

As a result, FXStreet reported that the S&P 500 and the Nasdaq Composite finished lower while the Dow was still up by about half a percent, attributing the relative insulation to the Dow’s price weighted structure that limits how much a single chip sell-off can sway the index.

Latest closeWTI crude $90.47 ▼1.9%|Brent $98.38 ▼2.3%|S&P 500 7,411.98 ▲0.1%

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