Stock Market Today, April 24:Tech Strength Drives Midday Markets

U.S. equities were mixed as of 11:30 a.m. Eastern: the S&P 500 rose 0.51% to 7,144.39 and the Nasdaq Composite gained 1.21% to 24,734.24 on chip strength, while the Dow Jones Industrial Average fell 0.37% to 49,127.05. The move appears driven by sector rotation, with cyclicals and financials lagging as technology outperformed.

Analysis

U.S. equities were mixed as of 11:30 a.m. Eastern: the S&P 500 rose 0.51% to 7,144.39 and the Nasdaq Composite gained 1.21% to 24,734.24 on chip strength, while the Dow Jones Industrial Average fell 0.37% to 49,127.05. The move appears driven by sector rotation, with cyclicals and financials lagging as technology outperformed.