Stock Market Update
17-Dec-24 15:00 ET
NVDA, AVGO, other chipmakers lag broader market
Dow -367.56
at 43349.92,
Nasdaq -86.89
at 20156.23,
S&P -33.86
at 6040.22
[BRIEFING.COM] The major equity indices are near session lows. Losses range from 0.6% to 1.1%.
Chipmakers have an outsized impact on the broader equity market today. The PHLX Semiconductor Index (SOX) shows a 2.0% decline with influential components like NVIDIA (NVDA 129.95, -2.03, -1.5%) and Broadcom (AVGO 236.84, -13.16, -5.4%) showing sizable declines.
This price action has contributed to the loss in the information technology sector, which trades 0.6% lower.
