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Barchart
Barchart
Rich Asplund

Stocks Push Higher on Chip Stock Strength

United States Nasdaq SP Donald Trump Nvidia Hon Hai Precision Industry Co Morgan Stanley The Washington Post US Federal Reserve

The S&P 500 Index ($SPX) (SPY) is up +0.95%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.30%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +1.27%.  March E-mini S&P futures (ESH25) are up +1.00%, and March E-mini Nasdaq futures (NQH25) are up +1.43%. 

Stocks today are trading higher, with the S&P 500, the Dow Jones Industrials, and the Nasdaq 100 posting 1-week highs.  The strength of chip makers is leading the overall market higher. Nvidia is up more than +3% after its Taiwanese partner Hon Hai Precision Industry Co reported stronger-than-expected revenue growth.  Also, Microsoft is up more than +1% after announcing plans to spend $80 billion on data centers and raise its 2025 capex spending. 

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