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Barchart
Barchart
Rich Asplund

Stocks See Support from Tech Stocks

The S&P 500 Index ($SPX) (SPY) today is up +0.48%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -0.17%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +1.12%.

Stock indexes today are mostly higher, with the S&P 500 and Nasdaq 100 posting 1-1/2 week highs.  The strength of chip stocks today is leading technology stocks higher and is positive for the broader market.  Also, some positive corporate news today is supportive for technology stocks after Hewlett Packard Enterprise reported stronger-than-expected Q2 revenue and CrowdStrike Holdings reported better-than-expected Q1 EPS.  A -3% fall in Cisco Systems weighs on the Dow Jones Industrials.

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