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Stock Indices Waver on Strength in Chipmakers vs Weakness in Software Companies
Barchart - Mon Aug 17, 10:06AM CDT
The S&P 500 Index ($SPX) (SPY) is down by -0.15% today, the Dow Jones Industrial Average ($DOWI) (DIA) is down by -0.44%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up by +0.28%. E-mini S&P futures (ESU26) are down -0.17%, and September E-mini Nasdaq futures (NQU26) are up +0.22%.
Stock indices are mixed today, with the Dow Jones Industrials falling to a 2-week low. The strength in technology stocks is lifting the broader market today after stellar revenue growth at Anthropic PBC bolstered the view that spending on artificial intelligence will be sustained. Anthropic told prospective investors that its Q2 revenue jumped by at least 14-fold from the same period last year, according to a report today by Bloomberg. However, the weakness in software stocks is weighing on the Dow Jones Industrial Average.
Stocks also found support on some better-than-expected US economic news. The Aug Empire manufacturing survey general business conditions index unexpectedly rose +5.0 to... Read more
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More News Stock Indices Waver on Strength in Chipmakers vs Weakness in Software Companies Barchart - Mon Aug 17, 10:06AM CDT
The S&P 500 Index ($SPX ) (SPY ) is down by -0.15% today, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down by -0.44%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up by +0.28%. E-mini S&P futures...
Stocks Mixed on Strength in Chipmakers vs Weakness in Software Companies Barchart - Mon Aug 17, 9:06AM CDT
The S&P 500 Index ($SPX ) (SPY ) is up by +0.17% today, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up by +0.20%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up by +0.13%. E-mini S&P futures (ESU26...
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