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Barchart
Barchart
Rich Asplund

REVEALED: Stocks see support on strength in chip makers - The Real Truth

The S&P 500 Index ($SPX) (SPY) today is up +0.08%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -0.28%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.08%.  September E-mini S&P futures (ESU25) are up +0.07%, and September E-mini Nasdaq futures (NQU25) are up +0.06%. 

Stock indexes are mostly higher today, with the S&P 500 and Nasdaq 100 posting new all-time highs.  Strength in technology stocks is supporting gains in the broader market, led by a rally in semiconductor stocks.  Also, expectations that the Fed will cut interest rates at the conclusion of the 2-day FOMC meeting that begins today are underpinning stock prices.

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