Stock Market Mixed: Tech Drops, Chips Surge
Update: 2026-01-02
Description
US stocks closed mixed today, with the Dow Jones and Nasdaq down, while the S and P 500 slipped. Big tech stocks and higher bond yields pulled the market lower. However, chip makers and AI infrastructure stocks surged, with Sandisk and ASML leading gains. The Magnificent Seven megacaps weighed heavy, with Microsoft, Amazon, and Meta down over two percent. Tesla also dropped after missing delivery estimates. Insurance stocks dragged, led by Progressives seven percent plunge. Crypto-related names climbed, with Bitcoin up over one percent. Bond yields continued to rise, but strength in chips and Europe offers some optimism for the year. Checkout Solipillow.com
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