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Chip Stocks Pop Despite Jobs Day Weakness
Barrons.com20d agoneutral
Chip Stocks Pop Despite Jobs Day Weakness

Chip stocks are standing out in what's shaping up to be a weak day on Wall Street. The Nasdaq has joined the other major indexes in trading lower after the jobs report as semiconductor stock gains weren't enough to offset broader weakness. The downturn came after news that the U.S. economy added more than double the jobs expected in August, fueling a brief spike in already high Treasury yields.