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Barchart
Barchart
Rich Asplund

FOUND: Stocks undercut by chip stock weakness - You Need To See This

The S&P 500 Index ($SPX) (SPY) Monday closed down -0.32%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +0.16%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -1.04%.

US stocks Monday settled mixed, with the Dow Jones Industrials posting a new record high and the Nasdaq 100 falling to a 1-week low.  Weakness in chip stocks on Monday weighed on the broader market.  Also, T-note yields Monday rebounded from an early decline and moved higher, which undercut stocks. 

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