Dow Plunges 464 Points, Microsoft Breaks Out Above Buy Zone
Dow fell 464 points and Nasdaq slipped as Sandisk and Western Digital slumped, while Microsoft broke above its buy zone and a chip firm surged, signaling mixed tech sentiment.
Market context
Follow the story. See which markets it affects. Explore the context.
Dow fell 464 points and Nasdaq slipped as Sandisk and Western Digital slumped, while Microsoft broke above its buy zone and a chip firm surged, signaling mixed tech sentiment.
Major US market indices closed mixed with the S&P 500 ending virtually flat and the Nasdaq slipping, while the semiconductor sector booked massive gains.
The broader technology sector and semiconductor industry show strong bullish momentum, led by massive gains in Intel and SOX index components, despite a minor pullback in Apple shares.
S&P 500 and Nasdaq rally post-holiday as chip stocks surge. Micron jumps 16.97%, crossing $1 trillion market cap. Oil prices rise 4% on Iran tensions; Treasury yields decline amid geopolitical uncert…
Wall Street futures rose Tuesday as chip stocks surged on AI optimism, offsetting Middle East tensions. Dow, S&P 500, and Nasdaq gained 0.53%, 0.67%, and 1.09% respectively. Semiconductor leaders dro…