Stock indexes are down today, with the S&P 500, Dow Jones, and Nasdaq all in the red. Chipmakers are under pressure from rising bond yields. Delta Air Lines and Costco are up on positive forecasts and sales. Gold hits record high amid political uncertainty. Fed’s rate cut chances at 95%.

Semiconductor stocks are dragging the market down, with GlobalFoundries, Qualcomm, and others falling. Homebuilders like PulteGroup and Toll Brothers are also down. Helen of Troy and AZZ report lower-than-expected results. Tesla faces scrutiny over traffic violations. Delta Air Lines and United Airlines see gains.

Rare earth stocks rise as China restricts exports. Serve Robotics jumps after DoorDash partnership. Akero Therapeutics surges on Novo Nordisk acquisition news. Albemarle and Nvidia lead gainers in S&P 500. Costco and PepsiCo report strong sales. Earnings reports from various companies today.

Read more at Nasdaq: Stocks Fall on Higher Bond Yields and Weakness in Chipmakers