Morning Market
Dow 53584.93 -147.48 (-0.27%)
Nasdaq 26743.29 -6.90 (-0.03%)
SP 500 7772.37 -13.39 (-0.17%)
10-yr Note
NYSE Adv 961 Dec 1535 Vol 107.47 m ln
Nasdaq Adv 1564 Dec 2230 Vol 1.79 bln
Industry Watch
Strong: Information Technology, Industrials
Weak: Consumer Staples, Communication Services, Consumer Discretionary, Real Estate, Health Care, Materials
Moving the Market
–Broad weakness amid a lack of market-moving developments this morning
–Semiconductor stocks extend recent gains, softening losses at the index level
Broad weakness outweighing early semiconductor gains
PHLX Semiconductor Index up 1.9%
Information technology sector (+0.2%)
Sandisk (SNDK 1777.40, +136.29, +8.30%) and other memory names are particularly strong after Secretary of Commerce Howard Lutnick said the Trump administration does not want Apple (AAPL 305.28, -0.64, -0.21%) buying Chinese memory chips.
Consumer staples sector (-0.9%)
Widest loss, with alcoholic beverage names such as Constellation Brands (STZ 132.76, -6.42, -4.61%)and Molson Coors Brewing (TAP 41.15, -1.62, -3.79%) among the worst-performing S&P 500 names.