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June 26, 2026 at 4:27 AM EDT
Updated on June 26, 2026 at 4:17 PM EDT
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US stocks ended the week lower as ongoing weakness in chip stocks outweighed a survey showing cooler-than-expected inflation expectations and easing rate hike concerns.
The S&P 500 fell 0.1% Friday to cap off its biggest weekly decline since the beginning of June and closed below its 50-day moving average for the first time since April. Chipmakers were the worst-performers in the benchmark, including a sharp dropBloomberg Terminal by ON Semiconductor after an all-stock deal to buy Synaptics spurred a downgrade at TD Securities.
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