We have another 80% plus upside day going today. The latest on the semiconductors from Briefing.com:
Semiconductors showing strength
19-Jul-22 11:00 ET
Dow +490.22 at 31564.71, Nasdaq +216.89 at 11576.91, S&P +68.98 at 3899.90
[BRIEFING.COM] Each major index is steadily climbing to new highs with the S&P 500 again flirting with the 3,900 level.
Every S&P 500 sector trades in positive territory, though the bottom of the pack includes the countercyclical consumer staples (+1.1%), utilities (+1.1%), and health care (1.5%) sectors.
Semiconductors, a leading indicator, are having a strong showing thus far. The PHLX Semiconductor Index is up 2.8% and components Advanced Micro Devices (AMD 83.00, +2.55, +3.1%), TSMC (TSM 85.60, +2.03, +2.4%), and Applied Materials (AMAT 96.60, +3.46, +3.7%) are exhibiting decent gains. |
