S&P 500 closes at record high, chip stocks lag

03/20/2024 04:12
S&P 500 closes at record high, chip stocks lag

Stocks (^DJI, ^GSPC, ^IXIC) closed higher on Tuesday, with the S&P 500 hitting a record high, as investors await the highly anticipated Federal Reserve rate decision scheduled for Wednesday. However, the chip sector missed the broader market trend, closing lower as investors digested the product news from Nvidia's (NVDA) GTC conference. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Angel Smith

Stocks (^DJI, ^GSPC, ^IXIC) closed higher on Tuesday, with the S&P 500 hitting a record high, as investors await the highly anticipated Federal Reserve rate decision scheduled for Wednesday. However, the chip sector missed the broader market trend, closing lower as investors digested the product news from Nvidia's (NVDA) GTC conference.

For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

Editor's note: This article was written by Angel Smith

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