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Stock Market Turmoil as Chipmakers Face Export Restrictions and Tech Outage Wrecks Havoc
Benzinga
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7/22/2024
Wall Street had a tumultuous week marked by a broad-based sell-off in chipmakers like ASML Holding and Tokyo Electron. This was driven by reports that the U.S. may accelerate export restrictions on chips sent to China.
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00:00
It's Benzinga, and here's what's on the block.
00:02
Wall Street had a tumultuous week marked by a broad-based sell-off in chipmakers like
00:07
ASML Holding and Tokyo Electron.
00:10
This was driven by reports the U.S. may accelerate export restrictions on chips sent to China.
00:15
CrowdStrike's tech outage on Friday disrupted Microsoft systems and service-related systems
00:20
across the globe.
00:21
Fed Chair Jerome Powell said recent inflation reports support the goal of 2 percent inflation,
00:26
increasing the likelihood of an interest rate cut in September.
00:29
For all things money, visit Benzinga.com.
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