Stocks Hold Near Record Highs on Chip Stock Strength
From Nasdaq: 2024-07-10 12:55:47
Stock indexes are up today, with the S&P 500 and Nasdaq 100 hitting new highs due to strong chip stocks led by Taiwan Semiconductor’s Q2 sales. US MBA mortgage applications fell slightly, while anticipation for Thursday’s US CPI report is high. Overseas markets are mixed, while interest rates and bond yields are down globally. Stock movers include Advanced Micro Devices, Newmont, and Illumina rallying, while software stocks like Atlassian and MongoDB are down after Intuit layoffs. Earnings reports for 7/10/2024 include AZZ Inc, E2open Parent Holdings, PriceSmart Inc, Pure Cycle Corp, and WD-40 Co.
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