US stocks close lower; Nasdaq falls 0.74%, Nvidia drops over 5%

Cointime reports: US stocks closed lower on November 11, with the Nasdaq down 0.74%, the Dow down 0.3% and the S&P 500 down 0.38%. Chip stocks diverged: the Philadelphia Semiconductor Index fell 0.2% as Nvidia dropped more than 5%, while Broadcom rose nearly 4% and NXP and TSMC each gained over 2%. Memory stocks were weak, with SK Hynix down more than 3% and SanDisk down 2.99%.