Stock Market Update
14-Nov-24 10:30 ET
Chipmakers outperform after soft week
Dow -19.20
at 43938.99,
Nasdaq -41.90
at 19188.84,
S&P -7.90
at 5977.49
[BRIEFING.COM] The S&P 500 trades down about ten points and the Nasdaq Composite trades down about 50 points.
Strength in the chipmakers, which have underperformed the broader equity market this week, has provided a measure of support to the major indices, limiting downside moves. The PHLX Semiconductor Index (SOX) shows a 0.9% gain today, but sports a 4.7% loss this week.
The major indices show declines ranging from 0.3% to 1.5% for the week.
NVIDIA (NVDA 148.17, +1.80, +1.2%) has gone against the grain in the semiconductor space.
