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Chip stock sell-off, Netflix earnings, Trump's approval rating and more in Morning Squawk

Global markets retreat as a chip sector sell-off coincides with notable declines for Netflix and SpaceX following recent corporate developments.

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The brief

Major stock indices including the Dow, S&P 500, and Nasdaq are trending downward. This shift follows a decline in Asian chip stocks and a drop in share prices for Netflix in connection with its latest earnings report. Additionally, SpaceX shares have moved lower following a canceled flight.

Coverage from WSJ, Barron's, Seeking Alpha, MarketWatch, Investor's Business Daily, and CNBC highlights the volatility surrounding these specific equities. Reports also note that broader political indicators, such as Trump's approval rating, are being monitored alongside these market movements. Investors are watching for continued shifts in the chip sector and the stability of tech stocks.

Future updates will track whether the market retreat persists or stabilizes as the trading day progresses.

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Quick answers

Which stocks are currently experiencing significant movement?

Coverage identifies Intel, Netflix, SpaceX, AMD, Dell, and Burberry as stocks to watch.

What factors are contributing to the market slide?

Market analysts point to a chip stock sell-off originating in Asia, Netflix earnings, and the cancellation of a SpaceX flight.

Are there other non-market factors being tracked?

Yes, CNBC reporting mentions that Trump's approval rating is being monitored in the current morning cycle.

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