Broadcom is giving chip stocks a lift
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| | 3/15/2019 | |
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Stocks Eye Weekly Wins on China Trade Update | By Emma Duncan | | The Dow Jones Industrial Average (DJI) is higher at midday, as investors continue to cheer encouraging U.S.-China trade updates. Chip stocks are also notably higher, thanks to strong earnings from Broadcom (AVGO), which has the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) well into positive territory. Meanwhile, the Cboe Volatility Index (VIX) -- or the stock market's "fear gauge" -- is pacing for its lowest close since early October. For the week, all three indexes are on pace for notable wins. Continue reading for more on today's market, including: - Drug stock ascending on FDA approval.
- KeyBanc sees 25% upside for this FAANG stock.
- Plus, ADBE's surging options volume; the soaring software stock; and one of today's worst performers on the S&P.
| >> Continue reading... | |
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