Dossier
Ohsung Kwon
Coverage of Ohsung Kwon in the Nexus archive.
- Wall Street ends sharply lower as chips slide, jobs data fuels rate hike fears
Wall Street ended a nine-week winning streak with sharp declines in tech and chip stocks following a strong May jobs report, which heightened fears of a Federal Reserve rate hike. The Nasdaq and S&P 500 fell to their largest one-day losses in months, driven by selling in semiconductor companies like Nvidia and Intel.