Oil Prices Plunge, Semiconductor Stocks Tumble, US Market Diverges

1. Brent and WTI crude oil prices dropped significantly by over 3-4% amid hopes of easing US-Iran conflict.
2. US semiconductor stocks experienced a sharp decline, with Micron, SanDisk, Western Digital, AMD, Intel, and Nvidia leading losses, pushing the Philadelphia SE Semiconductor index to a two-month low.
3. US stock markets showed divergence, as the Dow Jones rose 1.01% and Coca-Cola hit a record high, while the Nasdaq Composite fell 1.1% due to widespread chip stock sell-offs.