SP500
Nasdaq leads the major stock averages as chips see action
- The broader market looks as indecisive as it did at the close of
trading yesterday, but there's plenty of action in the technology space,
even if it's push-and-pull.
- The S&P (SP500) +0.1% and the Nasdaq (COMP) +0.2% are higher and the
Dow (DJI) is flat.
- Intel is soaring after announcing VMWare CEO Pat Gelsinger will
replace its chief executive Bob Swan. But that's hitting the rest of the
chip stocks, with AMD struggling the most.
- Information Technology is one of four of the 11 S&P sectors moving
higher.
- Real Estate is the best performer.
- Energy is struggling, despite winning its first upgrade from J.P.
Morgan in seven years.
- In Washington, House Democrats plan to adopt its article of
impeachment and send it to the Senate today, according to Majority Leader
Steny Hoyer.
- On the economic front, retail inflation held now surprises, with
December's headline and core CPIs rising as expected.
- The 10-year yield is down again, off 2 basis points to 1.11%. Bond
investors are now having to gauge how much the Fed will continue to tamp
down rates against how much stimulus a new Biden administration could
provide.
|Today, 9:33 AM|5 Comments
Nasdaq leads the major stock averages as chips see action
- The broader market looks as indecisive as it did at the close of
trading yesterday, but there's plenty of action in the technology space,
even if it's push-and-pull.
- The S&P (SP500) +0.1% and the Nasdaq (COMP) +0.2% are higher and the
Dow (DJI) is flat.
- Intel is soaring after announcing VMWare CEO Pat Gelsinger will
replace its chief executive Bob Swan. But that's hitting the rest of the
chip stocks, with AMD struggling the most.
- Information Technology is one of four of the 11 S&P sectors moving
higher.
- Real Estate is the best performer.
- Energy is struggling, despite winning its first upgrade from J.P.
Morgan in seven years.
- In Washington, House Democrats plan to adopt its article of
impeachment and send it to the Senate today, according to Majority Leader
Steny Hoyer.
- On the economic front, retail inflation held now surprises, with
December's headline and core CPIs rising as expected.
- The 10-year yield is down again, off 2 basis points to 1.11%. Bond
investors are now having to gauge how much the Fed will continue to tamp
down rates against how much stimulus a new Biden administration could
provide.
|Today, 9:33 AM|5 Comments
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