US Closing Bell | Dow Edges Higher as Chip Sell-Off Drags Nasdaq 1%

US Closing Bell11-14 05:18

November 14, U.S. stocks closed mixed as the Dow Jones Industrial Average inched up 0.10%, while the S&P 500 slipped 0.40% and the tech-heavy Nasdaq Composite fell 0.91%, as a broad sell-off in semiconductor shares offset resilience in blue-chip industrials ahead of key inflation data. Investors rotated into defensive pockets while climbing Treasury yields and cautious chip demand forecasts weighed on growth sectors.

Semiconductor names led the day’s steep declines. Reto Eco-solutions falls 27.84% after warning of softer sales, leveraged chip fund SOXL drops 11.00%, cloud AI firm Nebius slides 9.92%, Advanced Micro Devices retreats 8.75% on analyst downgrades, Bloom Energy falls 4.92%, Broadcom loses 4.76%, and Marvell Technology declines 4.68%. Bucking the trend, Cerebras Systems jumps 11.22% on a reported cloud partnership, while inverse chip ETF SOXS rallies 11.07% as traders hedge sector weakness.

Chinese ADRs and niche plays saw brisk activity. Jianzhi Education surges 17.81% on strong enrollment data, Zepp Health climbs 10.76% after unveiling a new smartwatch line, TOP Financial adds 10.17% amid crypto market volatility, Lufax gains 9.57% on restructuring plans, and Full Truck Alliance advances 2.36%. On the downside, EV maker NIO falls 4.92% and Taiwan Semiconductor slips 1.67% ahead of its earnings release, underscoring the day’s pressure on global tech hardware names.

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