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Barchart
Barchart
Rich Asplund

Stocks Pressured by Apple and Chip Stocks

The S&P 500 Index ($SPX) (SPY) today is down by -0.19%, the Dow Jones Industrials Index ($DOWI) (DIA) is up by +0.40%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down by -0.92%.

Stocks today are mixed, with the Dow Jones Industrials posting a new record high.  Apple is down more than -3% today to weigh on the overall market on signs of weak demand for the new iPhone.  Also, the weakness in chip makers today is a drag on the broader market.  However, Intel is up more than +4% to lift the Dow Jones Industrials after the chipmaker officially qualified for as much as $3.5 billion in federal grants to make semiconductors for the Pentagon.

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