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Stock Market News Today: Markets slide as chip stocks weigh (SP500:S&P Complete Indices)

US Markets Open After President Trump Announces EU Tariff Extension

Michael M. Santiago/Getty Images News

Wall Street on Friday fell, weighed down by a slide in semiconductor stocks. Market participants also received a key in-line inflation reading that did little to change expectations of a Federal Reserve interest rate cut in September.

The benchmark S&P

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