Stock indexes are mixed today, with the S&P 500 up +0.20%, the Dow Jones up +0.32%, and the Nasdaq down -0.10%. Sandisk rises 8% on strong NAND memory chip demand, while Cisco falls 9% due to higher chip prices. Bond yields decline as weekly jobless claims disappoint. Earnings season remains strong, with 78% of S&P 500 companies beating expectations.

Overseas markets see mixed results, with the Euro Stoxx 50 hitting a new high. US 10-year T-notes rise after jobless claims data, while European bond yields fall. UK GDP and manufacturing production disappoint. The ECB is seen as having a 3% chance of a rate cut. Chip makers like Seagate, Western Digital, and Micron drive stock gains, while Cognex, Zebra Technologies, and Viking Therapeutics see significant increases in share prices.

On the downside, ICON Plc drops 40% due to an internal investigation into accounting practices. Baxter International and Rollins forecast weaker growth, leading to stock declines. Cisco Systems and Tyler Technologies also drop after earnings reports. Check Point Software sees a 3% decline after revenue misses expectations. Earnings reports from various companies are due today, including Airbnb, Alnylam Pharmaceuticals, and West Pharmaceutical Services.

Read more at Nasdaq: Stocks Mixed on Strength in Chipmakers and Weakness in Cisco Systems