ASML Dips 15% 📉 as S&P 500 Falls 44 Points!

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Market Overview

The U.S. stock market closed lower on Tuesday, reflecting a general decline in many stocks. Key highlights include significant losses driven by disappointing earnings reports.

Consequently, the tech sector emerged as one of the day’s biggest under-performers, dropping nearly 2%.

ASML's Surprise Earnings

The big news came from ASML Holding, a leading company that makes semiconductor chips. They accidentally released a report about their earnings a day early, and it wasn’t good news.

ASML’s shares fell over 15% after they announced a disappointing outlook for sales in 2025.

This news hit other chipmaker stocks hard too. For example, Nvidia's stock dropped about 5%, and AMD also fell by 5%.

Index Performance

In more detail, the S&P 500, another important index that includes 500 of the biggest companies, fell about 0.8%.

Meanwhile, the Dow Jones Industrial Average lost about 0.8%, which is over 300 points. This happened right after the Dow had closed above 43,000 for the first time ever! UnitedHealth Group, a major healthcare company, contributed to this decline by seeing its shares fall around 8% because their profit guidance for 2025 didn’t meet expectations.

The tech-heavy Nasdaq Composite dropped around 1%, struggling under the weight of ASML's disappointing results and the overall market sentiment.

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Bright Spots in Earnings

In other news, while many companies faced challenges, there were some bright spots. Goldman Sachs reported a 45% increase in their profits for the third quarter compared to last year, mainly due to increased deal-making. Bank of America also reported strong earnings, beating expectations. This mix of good and bad earnings reports is common during this busy earnings season, which some on Wall Street think could be tricky.

Walgreens Boots Alliance had a particularly good day, with their shares rising about 15%. This came after the company announced plans to close 1,200 stores over the next three years as part of a major turnaround effort.

Energy Sector Update

Outside of earnings, the energy sector was buzzing with news too. Oil prices dropped by about 4%. This decline was sparked by a report suggesting that Israel might not attack Iran’s oil and nuclear facilities after recent conflicts. This news pushed the price of oil down to around $71 a barrel.

Airline Sector Performance

On the airline front, United Airlines reported earnings that beat expectations, which helped their stock rise by about 1% in after-hours trading. They mentioned a stock buyback plan, meaning they will buy back $1.5 billion worth of their shares, which is usually a positive sign for investors.

What’s Next?

Finally, keep an eye on Netflix, which is set to report its earnings later this week. Analysts expect strong results, but there are concerns about how the stock will perform in the long term.

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