The major US stock indices are mixed with the Dow Industrial Average higher. The S&P is marginally lower, while the NASDAQ index is the biggest decliner.
A snapshot of the market currently shows:
The small-cap Russell 2000 is near unchanged at 2294.62.
Chip stocks are under pressure:
Broadcom -1.67%Nvidia -0.54%AMD -3.26%Shares of Intel are bucking the trend with a gain of 8.33% at $25.64. Despite a dilution via a sale of $2B of fresh equity to SoftBank announced overnight, the market is cheering on the recent news that the government is putting faith (and perhaps providing a free put) by converting Chip Act money into an equity position.
Intel is trading at the highest level since March 18. The high price for the year was at $27.55 reached on February 18.
There is a rotation out of other big cap names including:
Amazon -1.26%, Meta, -1.0%, Microsoft -0.80%, Google -1.16%, This article was written by Greg Michalowski at investinglive.com.Hence then, the article about nasdaq index moving lower as the us trading kicks off was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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