US Stocks Close: Three Major Indices Diverge, Nasdaq Falls 0.64%, Philadelphia Semiconductor Index Drops Over 4%; Memory and Chip Stocks Lead Declines, Software Stocks Gain Against Trend; Apple Hovers at Record Highs, Intel Falls Over 7% Post-Earnings
Investors are still evaluating the latest developments in the Middle East conflict, and the three major U.S. stock indices closed mixed. Memory and chip stocks led the declines, while software stocks bucked the trend to strengthen. At the close, the Dow Jones Industrial Average rose 0.46% to 51,947.25 points; the Nasdaq Composite Index fell 0.64% to 24,975.82 points; and the S&P 500 Index rose 0.05% to 7,411.98 points.
Investors are still evaluating the latest developments in the Middle East conflict, and the three major U.S. stock indices closed mixed. Memory and chip stocks led the declines, while software stocks bucked the trend to strengthen. At the close, the Dow Jones Industrial Average rose 0.46% to 51,947.25 points; the Nasdaq Composite Index fell 0.64% to 24,975.82 points; and the S&P 500 Index rose 0.05% to 7,411.98 points.
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