On Monday, September 16, U.S. markets closed mixed as the S&P 500 edged higher while the Nasdaq fell, weighed by declines in technology stocks.
Apple dropped on lower-than-expected iPhone 16 demand, impacting chipmakers Nvidia, Broadcom, and Micron, pushing the semiconductor index down.
In economic data, The NY Empire State Manufacturing Index jumped to 11.5 in September, the highest since April 2022, exceeding August’s -4.7 and forecasts of -3.9.
The majority of S&P 500 sectors rose, led by communication, financials, energy, and materials, while information technology and consumer discretionary stocks declined.
The Dow Jones Industrial Average was up 0.55% and closed at 41,622.08. The S&P 500 ended the day higher by 0.13% at 5,633.09, while the Nasdaq Composite ...
