Posted 1/18/2024, 5:09:00 PM
Chipmaker Forecast Lifts Tech Stocks; Health Insurers Weigh on Dow as Yields Climb
- Markets buoyed by semiconductor stocks after Taiwan Semiconductor issued strong 2024 guidance; Nasdaq up over 1%
- Dow under pressure due to broad decline in health insurers sparked by Humana's profit warning
- Bond yields continue upward march as Treasury sell-off shows few signs of stopping
- S&P 500 slightly down in 2023 so far as markets struggle to build on 2022's big rally
- Economic data Housing starts fell but building permits rose; jobless claims dropped unexpectedly