From Nasdaq: 2024-09-17 04:40:20

Stocks closed mixed on Monday, with S&P 500 up +0.13% and Dow Jones hitting a new record high, while Nasdaq dropped -0.47%. Apple fell over -2% due to weak iPhone demand. Intel rose +6% after qualifying for $3.5 billion federal grant. Fed looks at strong Empire survey results for rate cut decision. Oracle up +5% after upgrade.

US markets await Aug retail sales report and FOMC meeting. European government bond yields decline. Chances of -50 bp Fed rate cut rise to 64%. China’s economic data shows weakness. Overseas stock markets close lower. Apple leads Dow losers with -2% drop. Intel and Oracle among top gainers. Schwab, Elf Beauty, MKS Instruments See Movement.

Yelp downgraded by Bank of America. Exact Sciences up +27% after positive cancer screening study results. Nuvalent impresses analysts with cancer program data. Builders FirstSource and Zillow see upgrades. Incyte gets price target raise. Ferguson Enterprises to report earnings. Market remains cautious ahead of key data and Fed meeting.



Read more at Nasdaq: Tech Stocks Close Lower on Weakness in Apple and Chip Stocks