Chip makers rally while the DJIA slips during exchange
- US Market
- 8 months ago
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