Stock Market Update
27-May-25 11:30 ET
Technology ahead
Dow +565.02
at 42168.09,
Nasdaq +384.22
at 19121.42,
S&P +96.84
at 5899.66
[BRIEFING.COM] The major averages trade at their best levels of the day with the Nasdaq (+2.1%) showing relative strength.
The outperformance in the Nasdaq comes amid strength in the top-weighted technology sector (+2.1%), which is receiving added support from high-beta chipmakers as the PHLX Semiconductor Index rises 3.4%.
NVIDIA (NVDA 135.23, +3.94, +3.0%) is returning to its best level of the month ahead of tomorrow's release of its quarterly results, which will be used to gauge the strength of the overall semiconductor industry.
Treasuries remain near their highs with the 10-yr yield down six basis points at 4.45%.
