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Strength in Chipmakers Boosts Stocks
Barchart - Tue Jul 21, 10:11AM CDT
The S&P 500 Index ($SPX) (SPY) today is up +0.64%, the Dow Jones Industrial Average ($DOWI) (DIA) is up +0.47%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +1.58%. September E-mini S&P futures (ESU26) are up +0.62%, and September E-mini Nasdaq futures (NQU26) are up +1.58%.Â
Stock indexes are climbing today as Monday’s rebound in chipmakers and AI-infrastructure stocks gathers pace. The recent selloff in chipmakers has cheapened valuations and has enticed dip buyers ahead of earnings results of megacap technology stocks this week, beginning with Alphabet and Tesla on Wednesday. On the downside, software stocks are weak after Morgan Stanley downgraded several in the sector. Also, rising crude oil prices are pushing bond yields higher as the 10-year T-note yield climbed to a 2-month high of 4.64% today.
WTI crude oil (CLQ26) is up more than +2% today at a 5-week high as the US and Iran exchanged strikes for a 10th consecutive day even as mediators sought to revive a t... Read more
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Strength in Chipmakers Boosts Stocks Barchart - Tue Jul 21, 10:11AM CDT
The S&P 500 Index ($SPX ) (SPY ) today is up +0.64%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.47%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.58%. September E-mini S&P futures...
Stocks Gain as Chipmakers Rebound Barchart - Tue Jul 21, 9:06AM CDT
The S&P 500 Index ($SPX ) (SPY ) today is up +0.38%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.17%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.26%. September E-mini S&P futures...
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