Nasdaq Composite Returns to Break Even. Chip Stocks Are Shining.

Core Viewpoint - The Nasdaq Composite index is showing signs of recovery, moving back to break even as trading progresses, with notable performance from chip stocks [1] Group 1: Market Performance - The Nasdaq Composite index was flat, having rebounded from earlier session lows [1] - The S&P 500 index reduced its decline to 0.4%, while the Dow Jones Industrial Average fell by 381 points, or 0.8% [1] Group 2: Oil Market Impact - Stock futures experienced a sharp decline overnight as crude oil prices approached $120 per barrel due to escalating tensions in Iran [1] - Following a slight easing in oil prices, WTI crude oil futures rose by 4.3%, trading at $94.80 per barrel [1] Group 3: Sector Highlights - Chip stocks are highlighted as performing well during this trading session, contributing positively to the Nasdaq's recovery [1]