Chipmakers Post Longest Weekly Drop Since November

Brent crude oil settled near $117 a barrel following escalated violence in the Middle East, contributing to a broader market decline. The S&P 500 fell as most constituent stocks declined, while a chipmaker gauge posted its longest weekly loss since November. The Dow Jones Industrial Average dropped 1.2% for the week, and U.S. Treasury yields rose after the previous session's gains were partially reversed.

• Bloomberg — Chipmakers Post Longest Weekly Drop Since November

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