Stocks Mixed as Chipmakers Slide and US Price Pressures Ease

MacroIndustry
โดย Barchart·Read original
Summary · why it matters

US stocks were mixed on Tuesday, with the S&P 500 down 0.08%, the Dow up 0.24%, and the Nasdaq 100 down 0.97%, as a pullback in chipmakers and AI stocks weighed on the market. Weaker-than-expected economic data, including a smaller rise in ADP employment and a larger drop in the ISM manufacturing index, also pressured stocks, but easing factory price pressures and a rally in software shares helped indexes recover from session lows. The ISM prices paid sub-index fell to a four-month low of 73.0, and Fed Chair Warsh noted that price risks have diminished. In corporate news, Meta Platforms surged over 11% after announcing plans for a cloud infrastructure business, while SanDisk and KLA Corp each fell more than 9%.

Impact on stocks 32

Artificial Intelligence▲ · 11 stocks
Meta Platforms Inc.
META
▲ PositiveTechnologyrelevance

Meta Platforms surged over 11% after announcing plans for a cloud infrastructure business.

Cloud & Digital Infrastructure▲ · 8 stocks
Semiconductors▼ · 7 stocks
KLA Corporation
KLAC
▼ NegativeDemandrelevance

Chipmakers and AI stocks pulled back, with KLA Corp falling over 9% amid sector weakness.

Sandisk Corp
SNDK
▼ NegativeDemandrelevance

SanDisk fell more than 9% as chipmakers and AI stocks slid.

Consumer Staples▲ · 2 stocks
Critical Materials & Supply Chain▲ · 1 stocks
Energy Transition & Power Demand▲ · 1 stocks
Communication Services▲ · 1 stocks
Industrials▲ · 1 stocks

Theme Impact 10

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