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Barchart
Barchart
Rich Asplund

Stocks Supported as Chip Makers and AI-Infrastructure Companies Rally

The S&P 500 Index ($SPX) (SPY) today is up +0.18%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.01%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.25%.  December E-mini S&P futures (ESZ25) are up +0.16%, and December E-mini Nasdaq futures (NQZ25) are up +0.23%. 

Stock indexes shook off early losses today and are moving higher, with the S&P 500 and Nasdaq 100 posting new record highs on strength in semiconductor and AI-infrastructure stocks.  Gains in stocks are limited due to higher bond yields as hawkish Fed commentary pushed the 10-year T-note yield to a 2-week high of 4.145%.

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