US stocks: S&P 500, Nasdaq end lower as crude prices jump, chip stocks weigh

US stock indices slid on Thursday as crude oil prices surged, prompted by intensifying Middle East tensions. Major benchmarks, including the S&P 500 and Nasdaq Composite, saw a drop that illustrates growing investor jitteriness. The chip sector struggled after a revenue target cut for OpenAI was disclosed, amplifying market fluctuations.

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