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Barchart
Rich Asplund

Stock Indexes Push Higher on Strength in Chip Makers

The S&P 500 Index ($SPX) (SPY) today is up by +0.28%, the Dow Jones Industrials Index ($DOWI) (DIA) is up by +0.09%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up by +0.79%.  December E-mini S&P futures (ESZ25) are up +0.28%, and December E-mini Nasdaq futures (NQZ25) are up +0.81%.

Stock indexes are moving higher today, with the Nasdaq 100 posting a 1.5-week high.  Strength in chip stocks is supporting gains in the broader market today.  Also, some better-than-expected earnings results are boosting technology stocks.  MongoDB is up more than +24% after reporting stronger-than-expected Q3 EPS, and Credo Technology Group Holding is up more than +17% after reporting stronger-than-expected Q2 revenue.  In addition, Boeing is up more than +7% after CFO Malave said he expects positive free cash flow to reach the ”low-single digits” next year.

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