The S&P 500 Index ($SPX) (SPY) Thursday closed down -0.25%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +0.77%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -0.79%.
Stock indexes settled mixed on Thursday, with the Dow Jones Industrials posting a 4-week high. Stocks on Thursday initially moved higher, with the S&P 500 and Nasdaq 100 posting new record highs on strength in chip stocks. However, a -5% plunge in Qualcomm sparked long liquidation pressure in chip stocks, which weighed on the broader market.
