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Barchart
Barchart
Rich Asplund

Stocks Slightly Higher on Chip Stock Strength and Lower T-Note Yields

Nasdaq SP United States Morgan Stanley Philadelphia Fed US Federal Reserve Waller Citigroup ECB Inflation

The S&P 500 Index ($SPX) (SPY) today is up +0.12%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -0.09%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.15%.  March E-mini S&P futures (ESH25) are up +0.14%, and March E-mini Nasdaq futures (NQH25) are up +0.18%. 

Stocks today are slightly higher, with the S&P 500 and Nasdaq 100 posting 1-week highs.  Chip stocks are climbing today after Taiwan Semiconductor Manufacturing Co, the main chipmaker to Apple and Nvidia, set its capital expenditure target well ahead of estimates and fueled hopes of resilient spending on artificial intelligence. 

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