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Barchart
Barchart
Rich Asplund

Strength in Chip Stocks Pushes the S&P 500 to a New Record High

United States US Federal Reserve Nvidia Boeing ECB Lennar Rosenblatt Securities UBS

The S&P 500 Index ($SPX) (SPY) Tuesday closed up +0.25%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +0.15%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +0.03%.

Stock indexes Tuesday posted modest gains, with the S&P 500 climbing to a new all-time high.  Strength in chipmakers Tuesday boosted the overall market, led by a +3% jump in Nvidia after Rosenblatt Securities raised its price target on the stock.  Also, a decline in T-note yields on Tuesday supported stocks.

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