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Barchart
Rich Asplund

FORGOTTEN HISTORY: Stocks edge higher as chipmakers rebound | History Defined

The S&P 500 Index ($SPX) (SPY) today is up +0.21%, the Dow Jones Industrial Average ($DOWI) (DIA) is up +0.05%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.43%.  June E-mini S&P futures (ESM26) are up +0.26%, and June E-mini Nasdaq futures (NQM26) are up +0.45%.

Stock indexes recovered from early losses and are mostly higher today, with the S&P 500 and Nasdaq 100 posting new record highs.  The rebound in chipmakers today is lifting the broader market after Taiwan Semiconductor Manufacturing Co, the primary supplier of chips to Apple and Nvidia, raised its 2026 revenue forecast, reflecting strong AI demand.  Gains in stocks are limited after crude oil prices jumped more than +2% when Iran’s Tasnim news agency said the US must drop “excessive demands” if a peace deal is going to be reached. 

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