Record Highs for Major Stock Indexes as Chip Makers Soar

The S&P 500 Index ($SPX) (SPY) today is up +0.67%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.46%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +1.19%.  September E-mini S&P futures (ESU25) are up +0.63%, and September E-mini Nasdaq futures (NQU25) are up +1.19%. 

The prospects for additional Fed easing are lifting stocks today, with the S&P 500, Nasdaq 100, and Dow Jones Industrials posting new record highs.  Strength in semiconductor stocks today is a bullish factor for the overall market, led by a +25% surge in Intel after Nvidia agreed to invest $5 billion in the company and said the two will codevelop chips for PCs and data centers.