Chip Stocks Recovered Today and the Major Indexes Fell Anyway
Key Points The Dow and Nasdaq Composite each fell 0.7% by midday while the S&P 500 held up better at a 0.4% loss. Chip stocks reversed Monday’s selloff, with Qualcomm up 4% and Advanced Micro Devices gaining 2.3%. The 10-year Treasury yield touched 5.041%, its …