US midday market brief: S&P 500 flat as Nvidia, Micron-led chip rally offsets losses
The S&P 500 remained flat as semiconductor stocks, particularly Nvidia and Micron, rose to offset losses in other tech sectors. The Dow gained slightly, while the Nasdaq fell by about 0.2% to 0.3%. The strength in chip demand, driven by AI-related needs, is crucial for market momentum. Nvidia increased by over 1.5%, and Micron surged approximately 8%. However, consumer discretionary stocks declined, indicating mixed market sentiment. Upcoming labor data and earnings reports will be pivotal in shaping market expectations and potential volatility in the near term.