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Nasdaq logs longest losing skid in 2 months as chip makers get hit; 10-year Treasury yields below 1.30%

Nasdaq logs longest losing skid in 2 months as chip makers get hit; 10-year Treasury yields below 1.30%

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U.S. stocks ended mostly lower Thursday, with the S&P 500 and Nasdaq Composite finishing down on the session as investors weighed mostly upbeat U.S. economic data, corporate earnings and a second day of testimony by Federal Reserve Chairman Jerome Powell. The Nasdaq Composite Index closed off 0.7% at around 14,543, marking the third straight decline, its longest losing skid since a similar period ended May 19, weighed in part by a sharp drop in chip makers.

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