S&P 500 Gains and Losses Today: Export Cap, ASML Sales Worries Weigh on Chip Stocks

Key TakeawaysThe S&P 500 fell 0.8% on Tuesday, Oct. 15, 2024, as semiconductor stocks tumbled, weighing on the index. Shares of semiconductor equipment makers KLA, Applied Materials, and Lam Research led losses after weak results from peer ASML, reports of potential U.S. export restrictions, and price target cuts by Raymond James analysts.Walgreens shares surged as the pharmacy giant beat quarterly estimates and laid out a plan to turn around its business. Major U.S. equities indexes moved lower Tuesday as ...