Chip Stocks and Megacaps Drive S&P 500 and Nasdaq to All-Time Highs

Tuesday, 9 July 2024, 13:30

Chip stocks and megacaps led the S&P 500 and Nasdaq to open at fresh record highs. The market is anticipating Powell's testimony for further direction.
Investing.com
Chip Stocks and Megacaps Drive S&P 500 and Nasdaq to All-Time Highs

Market Update:

Chip stocks and megacaps have propelled the S&P 500 and Nasdaq to new record highs, reflecting positive sentiments in the market.

Key Points:

  • Chip Stocks: Significant contribution to market surge.
  • Megacaps: Driving force behind record highs.

Investors are closely watching Powell's upcoming testimony for insights about future market trends.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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