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Chip makers rally while the DJIA slips during exchange

  • Regular
  • US Market
  • 5 months ago
  • 83

The DJIA ended the session with a slight loss of 0.1% following Commerce Secretary Wilbur Ross comments regarding the trade standoff between Washington and Beijing not coming to an end any time soon.

However, both the S&P500 and the Nasdaq both showed gains of 0.1% and 0.7% respectively as chip makers posted strong earnings results with the PHLX Semiconductor Index SOX gaining 5.7%.

Xilinx Inc. surged by 18%, while Lam Research Corp. and Texas Instruments also rallied by 14% and 5.4% respectively.

 

 

Source: Smart Trend Team