Dow trims loss, while chip stocks buoy S&P 500
The Dow Jones Industrial Average was trimming its earlier decline, holding loss of around 60 points, or 0.1%, while tech-related shares lifted the Nasdaq Composite and buoyed the S&P 500 at midday Monday.
The S&P 500 was up 0.4%, erasing an earlier dip into negative territory in thin trade ahead of Wednesday’s Christmas holiday. Markets close early Tuesday.
The tech and communications-services sectors were both up around 1% to lead S&P 500 gainers. Chip stocks dominated individual gainers for the large-cap benchmark, with Broadcom up 5.3%, AMD rising 4.8% and Intel and Nvidia each up around 2.6%.