Slump in Chip Stocks Weighs on Indexes

A selloff in chip stocks dragged major indexes lower after Dutch chip-equipment manufacturer ASML noted growing caution among its customers and said sales this year could come at the lower end of previous forecasts.

A selloff in chip stocks dragged major indexes lower after Dutch chip-equipment manufacturer ASML noted growing caution among its customers and said sales this year could come at the lower end of previous forecasts.