Chip stock weakness is leading to a risk-off mood in the market.

From Nasdaq: 2024-06-21 12:36:10

Major stock indexes are mostly lower today, with the S&P 500 down -0.16%, Dow Jones up +0.15%, Nasdaq 100 down -0.20%. Eurozone economic concerns are causing a risk-off mood in the markets. US June PMI reports show economic expansion, potentially delaying rate cuts. Interest rates and overseas markets are also impacted. Stock movers include NVIDIA, Micron Technology, and Palantir on downward trends, while Gilead Sciences and McDonald’s are on the rise. Earnings reports from companies like CarMax and FactSet Research Systems are also in focus.



Read more at Nasdaq: Chip Stock Weakness Weighs on the Broader Market