Stock Market Update
29-Nov-24 11:30 ET
SOX erases losses for the week
Dow +253.23
at 44975.29,
Nasdaq +148.56
at 19207.76,
S&P +35.15
at 6033.89
[BRIEFING.COM] There hasn't been much up or down action at the index level over the last half hour.
Chipmakers continue to lead market gains after a Bloomberg report that the Biden administration might temper some of its export restrictions on semiconductor and semiconductor equipment sales to China. The PHLX Semiconductor Index (SOX) shows a 2.4% gain, erasing this week's losses.
Coming into today, the SOX was down 2.1% since last Friday. This price action has contributed to the outperformance of the S&P 500 information technology sector (+1.0%).
