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Rich Asplund

Stocks Finish Mixed as Chip Stock Strength Pushes Nasdaq to a Record High

Nasdaq United States US Federal Reserve Powell Schmid Kansas City Fed

The S&P 500 Index ($SPX) (SPY) Wednesday closed unchanged, the Dow Jones Industrials Index ($DOWI) (DIA) closed down -0.25%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +0.21%. September E-mini S&P futures (ESU25) are down -0.01%, and September E-mini Nasdaq futures (NQU25) are up +0.22%.

Stock indexes on Wednesday settled mixed, with the Nasdaq 100 posting a new all-time high. Strength in semiconductor chip makers on Wednesday lifted the Nasdaq 100. Also, reduced geopolitical risks in the Middle East boosted market sentiment and prompted a risk-on for asset markets as the ceasefire between Israel and Iran appears to be holding. President Trump said Wednesday that the Mideast war is "over" and the US will hold a meeting with Iran next week.

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