Looking ahead to new inflation statistics for hints about when the Federal Reserve would start cutting interest rates, Wall Street saw the S&P 500 trade close to the flatline on Thursday.
Unchanged was the broad market index. Though the Dow Jones Industrial Average fell by just 17 points, or less than 0.1%, the Nasdaq Composite increased by 0.3%.
It is unclear if the artificial intelligence trade can support markets through the second half of this year, as semiconductor equities saw a decline.
The chipmaker’s fourth-quarter sales outlook was in line with estimates, but Micron’s shares fell more than 6% after that announcement.
Nvidia, a dominant player in the semiconductor industry, had a 1.6% decline.
Source (CNBC)
