Stock Market Update
21-Mar-25 12:05 ET
MU earnings weighs on semiconductor shares
Dow -259.56
at 41693.76,
Nasdaq -116.15
at 17575.48,
S&P -42.62
at 5620.27
[BRIEFING.COM] The S&P 500 (-0.7%) is still trading above the 5,600 level at this point in the session.
Chipmakers are underperforming the broader equity market, adding downside momentum to an already negative tape. The PHLX Semiconductor Index (SOX) trades 1.9% lower.
Earnings results from Micron (MU 93.98, -9.02, -8.8%), a semiconductor manufacturing company, were poorly received and have contributed to the selling pressure.
The S&P 500 information technology sector (-1.0%) is near the bottom of the pack among the 11 sectors.
