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Megacap Tech Lifts U.S. Stocks
The Wall Street Journal30d agoneutral
Megacap Tech Lifts U.S. Stocks

FINANCE U.S. stocks edged higher Wednesday as gains in megacap technology names offset weakness in chip stocks. PayPal surged on reports of a takeover offer and another round of strong bank earnings kept Wall Street in an upbeat mood.

Tech Stocks Are on the Rise Despite the Chip Dip
Barrons.com30d agoneutral
Tech Stocks Are on the Rise Despite the Chip Dip

Hardware names, including chip stocks, are having a tough trading session, but some of the biggest tech companies are climbing higher. The Nasdaq was up 0.5%, while the S&P 500 rose 0.3%, and the Dow increased 0.3% or 151 points. The Nasdaq leading gains would suggest that tech is outperforming, but under the surface things are a bit more complicated.

SpaceX Shares Fall Below IPO Price for the First Time
The Wall Street Journal30d agobearish
SpaceX Shares Fall Below IPO Price for the First Time

Shares slipped 2.5% to $132.72 in recent trading. Over the past month they have edged lower; even SpaceX’s addition to the Nasdaq-100 index didn’t boost them. SpaceX is hardly the first big IPO to struggle in early days or weeks of trading.

Indexes Wobble Near Flatline. Wall Street Is in Wait-and-See Mode.
Barrons.com30d agoneutral
Indexes Wobble Near Flatline. Wall Street Is in Wait-and-See Mode.

The stock market is looking for direction, dropping into the red in midday trading following a green open. The S&P 500, Nasdaq, and Dow are wobbling at the flatline. Equities are looking for direction in the early stages of the earnings season in what Nationwide Investment Management Group's chief market strategist Mark Hackett called "wait-and-see mode."