Lates News

According to The Wall Street Journal, the US stock market experienced volatile fluctuations today. The stock market opened higher, then encountered selling pressure at midday, but regained some ground near the close. Most major indices closed lower. The Nasdaq index fell by about 1% and the S&P 500 index slightly decreased by 0.26%. Chip stocks were hit hard, with the Philadelphia Semiconductor Index falling by 1.9%. Many investors may be moving funds out of stocks with significant gains this year to free up cash for the highly anticipated SpaceX IPO this week.