US stocks close mixed as semiconductor shares plunge
May 12, 2026, 8:01 PM
The three major U.S. stock indices closed mixed today.
- S&P 500: -0.16%
- Nasdaq: -0.7%
- Dow Jones: +0.1%
The downturn was driven by a sharp sell-off in semiconductor stocks. Qualcomm (QCOM) plunged 11%, while Micron Technology (MU) fell 3.5%. Intel (INTC) and SanDisk (SNDK) each dropped by more than 6%.