The major European indices closed the day with mixed results. The decliners were the German DAX, France’s CAC, and Italy’s FTSE MIB. The UK FTSE 100 and Spain’s Ibex moved higher.
A summary of the closing levels shows:
- German DAX, -0.34%
- France’s CAC, -0.57%
- Italy’s FTSE MIB -0.10%
The winners:
- UKs FTSE 100 +0.37%
- Spain’s Ibex +0.21%
US major indices are also mixed with the Dow industrial average down modestly, but the broader S&P and NASDAQ indices are higher.
- Dow industrial average -20 points or -0.05% at 44154
- S&P +14.15 points or 0.22% at 6403.56
- NASDAQ index up 84 points or 0.39% at 21534.
- Russell 2000 is up 4.93 points or 0.22% at 2223.45.
Nvidia and AMD shares were lower at the start of the day after agreed to pay 15% month export of their chips to China. Both have recovered and are trading in positive territory:
- Nvidia is trading up $1.09 or 0.58% at $183.77
- AMD is trading up three dollars or 1.77% at $175.84.
Other chip stocks are higher with:
- Broadcom up $2.47 or 0.81% at $307.44
- Intel CEO Lip-Bu Tan is expected to visit the White House. Last week, President Donald Trump’s called for his immediate resignation over his alleged ties to China. Share of Intel are trading up $1.16 or 5.81% at $21.11.
This article was written by Greg Michalowski at investinglive.com.