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The Nasdaq dropped more than 1% Monday as chip stocks slid and oil climbed above $108 a barrel on Middle East supply fears
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U.S. stocks fell Monday as calls from major AI company leaders to slow development of the technology rattled chip stocks, while surging oil prices added to pressure on equities.
The S&P 500 shed 0.7%, the Nasdaq $NDAQ Composite gave back 1.2%, and the Dow Jones Industrial Average finished 140 points lower, a decline of 0.3%.
