Stock Market Update
10-Jul-24 12:40 ET
Semiconductor stocks lead
Dow +165.56
at 39457.53,
Nasdaq +141.41
at 18570.70,
S&P +30.45
at 5607.43
[BRIEFING.COM] The major indices continue to hit fresh session highs, which has the S&P 500 above 5,600.
Strength in the semiconductor space has played an integral role in supporting the broader market so far. The PHLX Semiconductor Index (SOX) is trading up 2.0% with nearly every component showing a gain. NVIDIA (NVDA 134.77, +3.39, +2.6%) and Broadcom (AVGO 1747.48, +14.15, +0.8%) are influential winners from the space.
This price action is contributing to the outperformance of the S&P 500 information technology sector (+1.1%).
