Nearing midday in Friday trading, all of the major indexes are down slightly on the day. Chip stocks are weighing on the broader markets. Nvidia (NVDA) is off close to 2% while Broadcom’s (AVGO) given back more than 2% of its recent gains.
The good news is that the US S&P PMI report showed that the economy continues to expand, which should translate into higher corporate profits. The bad news if you’re looking to buy a house is that interest rates might not get cut soon.
