Stock Market Update
08-Jul-26 10:35 ET
Broadcom higher after Apple partnership
Dow -686.39
at 52238.76,
Nasdaq -150.28
at 25689.41,
S&P -53.30
at 7450.55
[BRIEFING.COM] The S&P 500 (-0.6%), Nasdaq Composite (-0.4%), and DJIA (-1.2%) are moving lower as early strength across technology stocks begins to narrow.
Broadcom (AVGO 386.99, +16.21, +4.37%) is trading higher after Apple (AAPL 309.54, -1.12, -0.36%) quantified an expanded multiyear supply agreement expected to exceed $30 billion through 2031, covering U.S.-made wireless-connectivity components and custom silicon. The announcement is supporting Broadcom despite mixed semiconductor trading and a risk-off backdrop, as investors view the five-year commitment as validation of Broadcom's continued importance within Apple supply chain.
