Nasdaq 100 Rises 0.2% as Chip Stocks Gain and S&P 500 Opens Flat

9 articles · Updated · Bloomberg · May 11

The Nasdaq 100 edged up 0.2% at Monday’s open, while the S&P 500 was little changed and the Dow Jones Industrial Average slipped 0.1%.
Intel and Micron were among the top performers, extending strength in chip stocks that helped support the broader US market.
Strong earnings reports also prompted bullish Wall Street strategists to raise their year-end targets for the S&P 500.
That optimism was tempered by uncertainty over how long the Iran war could last, leaving US equities struggling for direction early in the session.

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