From Nasdaq MarketSite.:

The S&P 500 is down 0.12%, the Dow Jones is up 0.35%, and the Nasdaq 100 is down 0.62% due to weakness in chip stocks. Super Micro Computer is down over 11% after announcing a share offering. US housing starts and building permits exceeded expectations, affecting Fed policy outlook. Bitcoin is down over 6%, and the markets expect no rate cut from the FOMC meeting. The Bank of Japan raised interest rates, causing the yen to drop. European stock markets are mixed. Interest rates are down, and European bond yields are lower. German Mar ZEW survey on economic growth was stronger than expected. US stock movers included Super Micro Computer, Nvidia, Advanced Micro Devices, Marvell Technology, Intel, StoneCo, Snowflake, MongoDB, Coinbase Global, MicroStrategy, Marathon Digital, and Riot Platforms. Other stock movements include Dlocal Ltd, Caleres, and International Paper. Fusion Pharmaceuticals, Etsy, Inspire Medical Systems, Crinetics Pharmaceuticals, Ansys, Cadence Design Systems, and Synopsys are also up. Home Depot and Truist Financial saw positive movements. Earnings reports of companies such as Smartsheet Inc, Core & Main Inc, Design Therapeutics Inc, and others were released.



Read more at Nasdaq MarketSite.: Stocks Weighed Down by Weakness in Chip Stocks