Dow gains as chip stocks slide; broader market mixed
By Market Pulse ·
The Dow rose while the S&P 500 and Nasdaq finished lower, with chip stocks under pressure.
- Indices: The Dow Jones Industrial Average rose 0.4%, the S&P 500 finished flat, and the Nasdaq fell 0.4% TheStreet - Chip stocks: Slid again on fears of Chinese competition, with Micron down 3.2%, Western Digital dropping 3.2% to 4.8%, and AMD falling 1.5% Reuters - UnitedHealth: Shares edged lower despite premarket gains, with no specific news cited Benzinga - Salesforce: Rose 2% after a double upgrade from BofA, helping lift the Dow TheStreet - Treasury markets: Were closed for the Columbus Day holiday, contributing to lighter trading volume TheStreet - Russell 2000: Lost 0.5%, retreating to its 200-day moving average and remaining in a downtrend TheStreet