Save mixed: Dow Jones Ties As Chip Stocks Rally
Stocks received a mixed launch Wednesday, which Qualcomm (QCOM) led a rally in chip stocks, while IBM (IBM) and UnitedHealth Group ) Dow Jones industrial goods lower.
X
Nasdaq's early winnings were reduced to 0.3%. The S & P 500 saw its offset to less than 0.1%, while the Dow Jones industrial companies dropped to 0.2%.
Chipmaker Intel (INTC) topped Dow. IBM fell to the bottom of the profit and loss index, and UnitedHealth Group dived at a number of analysts.
Qualcomm led easily Nasdaq 100. Qualcomm, Textron (TXT) and United Continental Holdings (UAL) rose highest among S & P 500 shares.
Chip shares were energized as Qualcomm continued to hover on ratcheted-up ratings and price targets from Wall Street after Tuesday's settlement with Apple (AAPL). Intel bolted higher after reporting late on Tuesday.
