Schaeffer's Market Recap The Dow closed lower, though
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| | | 7/24/2019 | |
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| Chip Stock Strength Sends Nasdaq, S&P to Record Closes | | By Karee Venema | | It was a mixed session on Wall Street today. While the S&P and Nasdaq sailed to new record-high closes as chipmakers surged on Texas Instruments (TXN) earnings, the Dow plunged on negative earnings reactions for several blue chips, including Caterpillar (CAT). Traders also kept a close eye on congressional testimony from former Special Counsel Robert Mueller, and digested a round of economic data, which showed a bounce in new home sales in June, and a nearly 10-year low in the IHS Markit manufacturing purchasing managers index (PMI) in July. Continue reading for more on today's market, including: | | >> Continue reading... | |
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