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Stock Indexes Turn Mixed as Chipmakers Sink
Barchart - 22 minutes ago
The S&P 500 Index ($SPX) (SPY) is up +0.10% today, the Dow Jones Industrial Average ($DOWI) (DIA) is up +0.85%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.92%. September E-mini S&P futures (ESU26) are up +0.08%, and September E-mini Nasdaq futures (NQU26) are down -1.03%.
Stock indexes are mixed today, with the S&P 500 posting a 2-week high and the Dow Jones Industrials posting a new all-time high. The broader market has support today after a slower-than-expected increase in US nonfarm payrolls knocked bond yields lower and bolstered speculation that the Fed will be unable to raise interest rates any time soon. US hiring slowed sharply in June and was revised lower in May even as the unemployment rate fell to a 1-year low.
However, stock gains are muted today, and the Nasdaq 100 is in negative territory amid weakness in chipmakers and AI-infrastructure stocks for a second session. South Korea’s Kospi Index fell more than -7% to a 3-week low, led by a plunge... Read more
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