Chip Stocks Drag Down Tech

Written By Timmy Adami

October 15, 2024

MRKT Matrix - Tuesday, October 15th

  • Dow closes 300 points lower, retreating from record; Nvidia drags down Nasdaq (CNBC)

  • Chip firm ASML shares plunge 15% after warning of weaker China sales in early release (CNBC)

  • US Weighs Capping Exports of AI Chips From Nvidia and AMD to Some Countries (Bloomberg)

  • Apple hits an all-time high as new smartphone data sides with the bulls in a sea of negativity (CNBC)

  • Wall Street Banks Notch Surprise Trading Haul on Stocks Bonanza (Bloomberg)

  • Boeing to Sell at Least $10 Billion in Shares to Plug Cash Drain (WSJ)

  • China stocks drop after trade data disappoints with Hang Seng tanking 4%, CSI 300 falls over 2% (CNBC)

  • Trump Says Growth to Outpace Feared Debt, Inflation From Agenda (Bloomberg)

Timmy Adami
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