Stock Market Update
02-Jan-25 15:05 ET
Chipmakers outperform while mega caps lag
Dow -167.12
at 42377.10,
Nasdaq -114.22
at 19196.57,
S&P -32.14
at 5849.49
[BRIEFING.COM] The major indices moved mostly sideways in recent trading. The Nasdaq Composite sports a 0.6% decline.
Semiconductor stocks have outperformed the broader equity market through the entire session. The PHLX Semiconductor Index (SOX) shows a 0.4% gain. NVIDIA (NVDA 137.33, +3.04, +2.3%) and Broadcom (AVGO 232.11, +0.22, +0.1%) are influential winners from the space.
The S&P 500 information technology sector sports a 0.7% decline despite gains in chipmaker components due to losses in Apple (AAPL 242.35, -8.07, -3.2%) and Microsoft (MSFT 417.38, -4.12, -1.0%).
