The US market was mixed on the 12th. The Dow rose 195.60 points, the Nasdaq fell 120.27 points, and the S&P posted a slight decline, as expectations for the earnings season and declines in semiconductor-related stocks left the market without clear direction.
The US market was mixed on the 12th. While many S&P 500 constituents rose, gains were generally limited by expectations for the earnings season and declines in semiconductor-related stocks. The Dow rose near the open and then struggled to extend its gains, but ultimately ended the session up $195.60. The Nasdaq Composite fell, while the S&P 500 also posted a slight decline.
No economic indicators were released, and overall market movements were driven mainly by expectations for the earnings season and trends in semiconductor-related stocks. High-tech stocks were relatively weak, while strength was also seen in other sectors.
By sector, energy and consumer staples rose, while information technology declined, with falling semiconductor-related stocks weighing on the SOX Index. Among individual stocks, Salesforce, Coca-Cola and Nike were firm, while NVIDIA fell on news.
As for currencies and interest rates, no major indicators were released in the article, and Nikkei futures for the overnight Japanese market were trading weakly.