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Markets · Investing · Business
Finance
Broadcom Drags the Nasdaq While the Dow and S&P 500 Climb
Most stocks rose Wednesday, but a few big tech names told a different story. Here's what split the market again.
Yesterday, a handful of giant stocks dragged the market down while everything else held steady. Today, the script flipped again. The broad market is rallying, and a cluster of tech names is the thing holding back the market indexes.
The S&P 500(SNPINDEX: ^GSPC) is up 0.59% as of 11:27 a.m. ET and the Dow Jones Industrial Average(DJINDICES: ^DJI) has added 0.58%. The Nasdaq Composite(NASDAQINDEX: ^IXIC) trails at 0.39%, held back by its heavier technology weighting. All three opened lower and two of them climbed through the morning. The Nasdaq took a different path with a short-lived dip into negative territory.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.
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