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Barchart
Barchart
Rich Asplund

Stocks Indexes Finish Mostly Lower as Chipmakers Retreat

The S&P 500 Index ($SPX) (SPY) on Tuesday closed down -0.57%, the Dow Jones Industrial Average ($DOWI) (DIA) closed up +0.64%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -1.89%. June E-mini S&P futures (ESM26) fell -0.60%, and June E-mini Nasdaq futures (NQM26) fell -1.87%.

Stock indexes settled mixed on Tuesday, with the Dow Jones Industrials posting a new all-time high. The weakness of chipmakers weighed on the broader market Tuesday, along with a slide in energy producers after crude oil prices plunged. Also, weakness in software stocks weighed on the overall market. In addition, Tuesday’s weaker-than-expected US housing starts and building permits reports were negative for stocks.

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