Golden Finance reported that the three major U.S. stock indexes closed collectively lower, with the Dow Jones Industrial Average falling 0.55%, the Nasdaq Composite Index falling 0.18%, and the S&P 500 Index falling 0.19%. Chip stocks generally fell, with Intel and Microchip Technology falling more than 5%, Micron Technology, NXP, and Arm Holdings falling more than 2%, and AMD falling nearly 2%. Tesla rose more than 3%, setting a new high since April 2022. Bank of America raised Tesla's target price from $350 to $400.