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Barchart
Barchart
Rich Asplund

Stocks Waver on Mixed Earnings and Chipmaker Strength

On ED THe Nasdaq United States ARE SanDisk Warsh AppLovin Dow Jones Industrial Average

The S&P 500 Index ($SPX) (SPY) today is up +0.07%, the Dow Jones Industrial Average ($DOWI) (DIA) is down -0.38%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.26%. September E-mini S&P futures (ESU26) are up +0.13%, and September E-mini Nasdaq futures (NQU26) are up +0.12%.

Stock indices are mixed today. Weakness in software stocks is weighing on the broader market, led by a -15% plunge in Datadog after it reported Q2 adjusted gross margin below consensus. Technology stocks are also under pressure, led by a -19% fall in AppLovin after it missed analysts’ revenue estimates. Memory chipmakers are retreating today after SanDisk forecast weaker-than-expected Q1 revenue.

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