US Stocks Today: Nasdaq Rebounds as Chipmakers Rally, Apple Slides Ahead of US Midterm Results
Chip stocks and AI-linked names lifted the index after a recent correction, while Apple fell on warnings that memory costs will squeeze holiday-quarter margins.
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The Economic Times
Times of IndiaUS stocks today: Nasdaq rebounds as chipmakers rally, Apple slides ahead of US midterm results
US stocks ended mixed as the Nasdaq rebounded on gains in chipmakers and AI linked heavyweights ahead of the midterm election results. Nvidia and Micron advanced, while Apple slipped over concerns about rising memory chip costs and holiday quarter margins. Investors also assessed AI spending concerns and the outlook for technology stocks.
Technology stocks rebounded after recent losses, with semiconductor makers leading the gains, while Apple's weakness dragged the Dow down. Despite the rebound in AI-related stocks, investors remain concerned about the sector's significant investment needs and financing risks. Market participants, meanwhile, turned their attention to the U.S. midterm elections, which will decide which party controls both houses of Congress starting in January. An…
Chip stocks edged higher ahead of US midterm elections, with the Nasdaq rising and the Dow falling. US stock markets ended Tuesday's trading session mixed as investors focused on the results of the congressional midterm elections and chipmaker AMD's quarterly report due out tonight. US Stock Exchange, Geopolitics, Stock Exchange, USA, Nvidia, Stock Index, Elections, Dow Jones, Artificial Intelligence, Standard & Poor'S 500, Stock.
Nasdaq rises as chip stocks rebound, while Apple and Palantir shares fall
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