Dow Jones Stays Calm While Memory Chips Give Investors Whiplash (Again)
Inflation data gave investors hope on Wednesday morning. Semiconductor stocks took it away by lunchtime.
Overview
Investors woke up feeling great about a sweet inflation report on Wednesday morning. By lunchtime, chip stocks had other plans and the gains got slippery.
The Nasdaq Composite (NASDAQINDEX: ^IXIC) was up 0.28% as of 12:15 p.m. ET after reaching a session high of 0.8% around 10:15 a.m. The S&P 500 (SNPINDEX: ^GSPC) gained just 0.1%, fading from an early peak of 0.4%. The Dow Jones Industrial Average (DJINDICES: ^DJI) held up best at 0.3%, though it also pulled back from a morning high above 0.5%.
Details
Source
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.