Software and Mag 7 Stocks Are Picking Up the Slack for Chips
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The Nasdaq Composite is rallying to close out September, but the gains aren’t coming from chips. The tech-heavy index was up 0.9%, while the S&P 500 was up 0.5%. The iShares Semiconductor ETF was actually down 0.2%, despite a 1.3% gain for the S&P 500’s tech sector.
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Software and Mag 7 Stocks Are Picking Up the Slack for Chips
The Nasdaq Composite is rallying to close out September, but the gains aren’t coming from chips. The tech-heavy index was up 0.9%, while the S&P 500 was up 0.5%. The iShares Semiconductor ETF was actually down 0.2%, despite a 1.3% gain for the S&P 500’s tech sector.