Stock Market Today: Semis Get Slammed and Blue Chips Bounce

Category: Finance

Stocks closed mixed as blue chips hit another record high while tech names tumbled due to potential U.S. restrictions on chip sales to China. Semiconductor stocks were hit hard, causing the Nasdaq Composite to fall 2.8% and the S&P 500 to drop 1.4%, while the Dow Jones Industrial Average set a new record. Johnson & Johnson was a top gainer after reporting strong earnings.

Keywords: Stocks, Blue chips, Tech stocks, Semiconductor stocks, U.S. restrictions, Johnson & Johnson, Earnings

Source: Kiplinger's Personal Finance

Update At: 7/18/2024

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