Stock Market Update
20-Aug-25 10:25 ET
Chipmakers under early pressure
Dow -44.30
at 44877.97,
Nasdaq -315.16
at 20998.41,
S&P -47.32
at 6364.05
[BRIEFING.COM] The S&P 500 (-0.7%) and Nasdaq Composite (-1.5%) steadily retreat further into negative territory, while the DJIA (-0.1%) trades just beneath its flatline.
Chipmakers are under considerable pressure again today as profit-taking in mega-cap names extends to the semiconductor space. NVIDIA (NVDA 169.50, -6.14, -3.50%) widens its week-to-date loss to 5.9%, with Broadcom (AVGO 282.94, -11.97, -4.06%) widening its own week-to-date loss to 7.5%
The PHLX Semiconductor Index is down 3.0% today, and the broader technology sector has retreated 2.0%.
In related news, Reuters reported that the Trump administration is considering using Chips Act funding to take equity in additional companies instead of providing grants.
