Wall Street ends down as expectations of Hormuz deal fade

US Stocks: Nasdaq ends down as expectations of Hormuz deal fade

Nasdaq fell 0.32% as Hormuz ceasefire faded; crude spiked 5% to $82.13 and Intel announced a $15B capital raise. Energy cost inflation pressures data center budgets; Intel's dilution weakens semiconductor supply as rate expectations shift (52% Sept hike odds).