Stock Market Overview
Thu, May 15th, 2025
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Stocks Settle Mixed on Chip Stock Strength and Higher Bond Yields
Barchart - Wed May 14, 3:38PM CDT
The S&P 500 Index ($SPX) (SPY) Wednesday closed up +0.10%, the Dow Jones Industrials Index ($DOWI) (DIA) closed down -0.21%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +0.57%.  June E-mini S&P futures (ESM25) are up +0.07%, and June E-mini Nasdaq futures (NQM25) are up +0.57%.Â
Stock indexes on Wednesday settled mixed, with the Nasdaq 100 posting a 2-1/2 month high. The strength in chip makers Wednesday supported gains in the broader market.  The Trump administration is expected to sign agreements to give Saudi Arabia and the United Arab Emirates wider access to advanced AI chips, with companies like Nvidia, Advanced Micro Devices, and Amazon.com investing in projects, including data centers and AI infrastructure. On Tuesday, the Commerce Department said it is rescinding the AI diffusion rule launched by President Biden, and the Trump administration plans to overhaul regulations on the export of semiconductors used in artificial intelligence that could shift toward neg... Read more
US applications for jobless benefits hold firm as layoffs remain low despite tariff uncertainty
AP - 21 minutes ago
U.S. applications for jobless benefits held steady last week as layoffs remain low despite uncertainty over how President Donald Trump’s tariffs will impact the economy
US wholesale prices dropped 0.5% last month despite President Trump's tariffs
AP - 23 minutes ago
U.S. wholesale prices dropped unexpectedly in April for the first time in more than a year despite President Donald Trump’s sweeping taxes on imports
US retail sales barely rose last month after consumers splurged in March to front-run tariffs
AP - 25 minutes ago
U.S. consumers spent slightly more at retail stores last month after ramping up their shopping in March to get ahead of tariffs
China blasts new US rule banning use of Huawei's Ascend advanced computer chips
AP - 1 hour ago
China has taken aim at a new U.S. rule against use anywhere in the world of Ascend computer chips made by Huawei Technologies
Dick's Sporting Goods to buy struggling shoe chain Foot Locker for $2.4 billion
AP - 1 hour ago
Dick’s Sporting Goods is buying the struggling footwear chain Foot Locker for about $2.4 billion, the second buyout of a major footwear company this year as business leaders struggle with U.S. President...
Wall Street, global markets mostly lower and oil prices drop $2 on hopes for a US-Iran nuclear deal
AP - 1 hour ago
Wall Street is veering lower before the opening bell while oil prices are down more than $2 a barrel as traders bet on a possible U.S.-Iran nuclear deal
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