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Nasdaq closes lower as chip sell-off resumes; Micron shares extend losses
The Nasdaq Composite pulled back on Wednesday as Micron Technology shares fell, with investors looking ahead to the release of chipmaker's earnings after the bell.
The tech-heavy index slipped 0.43% to end at 25,476.64, while the S&P 500 declined 0.10% to 7,358.22. The Dow Jones Industrial Average added 182.06 points, or 0.35%, to end at 51,848.90.
Oil prices continued their decline Wednesday. International benchmark Brent crude futures lost 4.33% to settle at $73.74 per barrel, seeing its lowest level since before the U.S. and Israel first launched airstrikes against Iran at the end of February. U.S. West Texas Intermediate futures slid 3.92% to settle at $70.34 a barrel and had earlier hit its lowest level since early March.
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