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The S&P 500 Index ($SPX) (SPY) is up +1.07% today, the Dow Jones Industrial Average ($DOWI) (DIA) is up +0.21%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +2.09%. December E-mini S&P futures (ESZ26) are up +0.90%, and December E-mini Nasdaq futures (NQZ26) are up +2.00%.
US stock indices are moving higher today, with the Dow Jones Industrials recovering from a 4-week low. The broader market is mostly higher today, recovering some of Thursday’s rout as dip buying in chipmakers and AI-infrastructure stocks lifts the broader market. Stocks plummeted on Thursday amid speculation that the Democratic sweep of Congress in Tuesday’s midterm elections will usher in a new era of regulation for the artificial-intelligence industry. The rotation out of chipmakers reflects a growing view that public opposition to data centers could crimp the growth of chipmakers and data-center suppliers. The weakness in software stocks today is limiting the upside in the overall market.
