The major US stock indices are trading higher helped by cooler CPI data and better earnings from Intel. Chips stocks are higher with Nvidia up 1.46%, Broadcom up 2.3%, AMD up 5.62%, and Micron up 3.17%.
A snapshot of the major indices shows:
- Dow industrial average is up 269 points or 0.57% at 46998 and on pace for a record close (above 46706.58).
- S&P index is up 53 points or 0.78% at 6791.78. It is also on pace for a new record close above 6753.73.
- NASDAQ index is up 233 points or 1.02% at 23177. And on pace for a record close above 23043.38.
The small-cap Russell 2000 is up 1.54%.
Quantum computing stocks continued their surge after rumors that the Trump administration would invest in that sector:
- Ionq, +6.84%
- Rigetti , +7.59%
- D-Wave +10.24%
- Quantum Computing, +5.02%
This article was written by Greg Michalowski at investinglive.com.