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Oct 15 close · CNBC
The Dow rose 1.08% while chip stocks kept falling
Thursday, October 15: percent change
U.S. index closes
Dow Jones · close 52,177.69+1.08%
S&P 500 · close 7,744.06+0.33%
Nasdaq Composite · close 26,713.03+0.08%
Our view: Gains spread to more of the market as chip stocks kept falling on worries about AI borrowing. Shifts between sectors like this can reverse quickly.
Full story
On Thursday the Dow Jones Industrial Average rose 556.21 points, or 1.08%, to close at 52,177.69, the S&P 500 gained 0.33% to 7,744.06 and the Nasdaq Composite added 0.08% to 26,713.03. More than half of S&P 500 stocks traded above their 200-day averages, up from about 40% in late September, while the iShares Semiconductor ETF fell for an eighth straight day, its first eight-day slide since September 2015. Earlier, wholesale prices for September came in hotter than expected.
Read the source →This is a summary of the news, not investment advice. Markets move, and past moves do not predict the next one.
If you run one of these
Real estate: A one-day drop of 10 basis points in the 10-year yield is worth noting when you quote buyers' payments, though one day is not a trend.
Investment trackers: The Dow gained 1.08% while the chip ETF fell an eighth straight day, a split worth showing in any view that tracks only the S&P 500.
Family offices: Proofpoint paid $6.3 billion on the idea that the data an AI can reach is its biggest risk, a good reason to check what your own tools can open.
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