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Barchart
Barchart
Rich Asplund

Stocks Supported by Strength in Cloud Stocks and Chip Makers

SP ARE Dow Jones Industrials Nasdaq United States John Williams Oracle Deutsche Bank New York Fed PAYX

The S&P 500 Index ($SPX) (SPY) today is up by +0.63%, the Dow Jones Industrials Index ($DOWI) (DIA) is up by +0.52%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up by +1.08%.  March E-mini S&P futures (ESH26) are up +0.61%, and March E-mini Nasdaq futures (NQH26) are up +1.09%.

Stock indexes are moving higher today as a rally in cloud infrastructure stocks improves market sentiment and lifts the broader market. Oracle is up by more than 7% after TikTok CEO Chew said his company has signed binding agreements to create a US joint venture owned by American investors, including Oracle.  Also, strength in chipmakers today supports the broader market.

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