Broader market mixed with Dow reaching high, Nasdaq falling, chip stocks down on trade fears.

From Nasdaq: 2024-07-17 12:56:44

Stock indexes today are mixed, with the Dow Jones Industrials reaching a new high and the Nasdaq 100 falling. Chip stocks are down on fears of stricter US trade policies towards China. The Fed is considering rate cuts as bond yields rise. Overseas stock markets are lower, with key European government bond yields mixed. Semiconductor companies are selling off, while tech giants like Amazon and Apple are sliding. Notable earnings reports are expected from companies like Johnson & Johnson and US Bancorp.

Read more at Nasdaq: Broader Market Slides as Chip Stocks Plunge