Dow Jones Hangs On While Memory Chips Take Another Beating
Why is the Dow holding up while the Nasdaq sinks? Healthcare gains are offsetting the semiconductor carnage.
Overview
The semiconductor sell-off that began Monday in Seoul extended into a fourth consecutive session on Thursday. The tech-heavy indexes lagged while the Dow nearly held flat.
The Nasdaq Composite (NASDAQINDEX: ^IXIC) dropped 0.9% as of 12:26 p.m. ET, dragged lower by another wave of chip losses. The S&P 500 (SNPINDEX: ^GSPC) fell 0.3%. Meanwhile, the Dow Jones Industrial Average (DJINDICES: ^DJI) limited its decline to just 0.1%, thanks to healthcare stocks picking up the slack.
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Originally published at www.fool.com.
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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.