Stock Market Update
16-Apr-26 10:55 ET
Major averages back to flatlines as semiconductor stocks begin to stir
Dow -38.60
at 48425.12,
Nasdaq -7.49
at 24008.53,
S&P -0.84
at 6949.11
[BRIEFING.COM] The S&P 500 (flat), Nasdaq Composite (flat), and DJIA (-0.1%) are modestly improved as the top-weighted information technology sector (+0.2%) moves into modestly positive territory.
In particular, semiconductor stocks are beginning to shake their early weakness, with the PHLX Semiconductor Index (+0.6%) now trading higher. onsemi (ON 78.85, +6.42, +8.86%) is the best-performing S&P 500 component today.
Though not a component of the S&P 500, Taiwan Semiconductor Manufacturing (TSM 367.52, -7.58, -2.02%) trades lower after topping earnings estimates and guiding Q2 revenues above consensus.
