S&P 500 Slips as Semiconductor Stocks Take a Breather; SpaceX Extends Gains

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US stocks fell Tuesday, led lower by declines for technology companies after recent big gains.

The technology-heavy Nasdaq 100 was down 1.3% at 11:54 a.m. in New York, while the S&P 500 Index slipped 0.2%. The Philadelphia Semiconductor Index, known as the SOX, dropped 3.6%. Yields on 10-year Treasuries were around 4.43%. West Texas Intermediate crude oil declined about 5% to trade around $77 as the US and Iran prepare to formally sign their interim peace deal in Switzerland on Friday.

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