U.S. equities decline early Friday amid rising crude prices and bond yields following the Trump-Xi meeting conclusion.
The Dow Jones Industrial Average fell in early trading Friday, dragged by a surge in crude oil prices and Treasury yields after the Trump-Xi summit wrapped up. Major indexes mirrored the decline as investors reacted to shifting macroeconomic signals.
Nvidia (NVDA), Broadcom (AVGO), and Marvell Technology (MRVL) led losses among chipmakers, while Applied Materials (AMAT) retreated following earnings. Cerebras (CBRS), a recent IPO, also slid in its market debut. Earlier, Taiwan Semiconductor was noted in a buy zone up to 401.27.
The move reflects broader market caution as higher oil prices and yields stoke inflation concerns, offsetting optimism from the U.S.-China talks.