The Dow Couldn't Keep Up With Chip Stocks on Monday
Yahoo Finance ·
Chip stocks led a Monday rally that lifted two of the three major indexes while leaving the third stuck near the flatline. The Nasdaq Composite ( ^IXIC +1.22% ) gained 1.3% by 12:48 p.m. ET. The S&P 500 ( ^GSPC +0.84% ) rose 0.7% at the same time. The Dow Jones Industrial Average ( ^DJI +0.18% ) slipped 0.1% after briefly touching an intraday record earlier in the session. The iShares Semiconductor ETF ( SOXX +3.30% ) gained 4.1%, bouncing back from a two-week losing streak that had investors wondering if the chip trade was finally running out of steam.
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