US stock indexes had a mixed close on Monday, with chip stocks supporting gains, cruise line operators surging, and bond yields rising

From Nasdaq: 2024-05-20 18:20:47

US stock indexes closed mixed on Monday, with Nasdaq 100 hitting a new high. Chip stocks supported gains. Cruise line operators surged after Norwegian Cruise Line raised EPS estimate. Hawkish Fed comments boosted bond yields. Market looks ahead to Fed meeting minutes and Nvidia, Target earnings. Positive Q1 earnings reports drive stock market. Overseas markets settled higher. Cruise line stocks rally, Jabil, Teradyne rise on forecasts. Chip stocks surge. JPMorgan Chase, Ulta Beauty, Tesla see declines. Target cuts prices. Travelers, Phillips 66 down. Earnings reports expected from AutoZone, Lowe’s, Macy’s, more.



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