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Barchart
Barchart
Rich Asplund

Chip Stock Rally Pushes the S&P 500 and Nasdaq 100 to Record Highs

Nasdaq United States ECB JPMorgan Chase Kazaks Morgan Stanley Tavares US Federal Reserve Waller BOJ

The S&P 500 Index ($SPX) (SPY) Monday closed up +0.24%, the Dow Jones Industrials Index ($DOWI) (DIA) closed down -0.29%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +1.12%.

Stocks on Monday mainly settled higher, with the S&P 500 and Nasdaq 100 posting new all-time highs.  Better-than-expected US economic news Monday on Nov ISM manufacturing and Oct construction spending bolstered the outlook for a soft landing and boosted stocks.  Also, a sharp rally in chip stocks supported the overall equity market. 

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