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Meta Drives Mag 7 Pop. Chip Wipeout Clobbers Nasdaq.
Barrons.com49d agoneutral
Meta Drives Mag 7 Pop. Chip Wipeout Clobbers Nasdaq.

Meta Platforms led a rally in Magnificent Seven stocks on Wednesday, but the Nasdaq couldn’t overcome a chip stock clobbering. The Nasdaq fell 0.7%. The S&P 500 dropped 0.2%. The Dow fell slightly. Despite the S&P 500's struggles, a majority of stocks actually rose.

The Dow’s Biggest Stock Is Today’s Biggest Drag
Barrons.com49d agoneutral
The Dow’s Biggest Stock Is Today’s Biggest Drag

The Dow would be up nearly 500 points if it weren’t for Caterpillar. Instead, the blue-chip index was up just 44 points, or 0.1%. The S&P 500 was flat. The Nasdaq was down 0.3%. Despite what the big three indexes are saying, most stocks were actually doing quite well on Wednesday.