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Barchart
Barchart
Rich Asplund

Broader Market Settles Higher on Chip Stock Strength

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The S&P 500 Index ($SPX) (SPY) Monday closed up +0.10%, the Dow Jones Industrials Index ($DOWI) (DIA) closed down -0.08%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +0.23%.

Stock indexes on Monday settled mixed, with the S&P 500 and Nasdaq 100 posting new record highs and the Dow Jones Industrials retreating from a 6-week high.  Strength in chip stocks on Monday led technology stocks higher and boosted the overall market.  However, weakness in software stocks limited the upside for stock indexes, and a -3% slump in Nike weighed on the Dow Jones Industrials.

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