SK Hynix and Intel both rose more than 2.5% following a Reuters report about talks to manufacture memory chips in the U.S., though SK Hynix stated no decisions have been made yet. J.B. Hunt Transport Services tumbled more than 11% after warning that earnings may decline 5% to 10% in the third quarter due to rising purchase transportation rates. Expedia fell more than 2.5% after Morgan Stanley downgraded the stock to underweight, citing a weak risk/reward profile and greater exposure to a potentially weaker consumer. Energy stocks declined as U.S. oil prices fell 2% following a report of rising inventories, with Diamondback Energy dropping nearly 4% and Occidental Petroleum, ExxonMobil, and Devon Energy each down around 1%.
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