Futures: Chip Giant Falls Late - Investor's Business Daily
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- S&P 500 set a record above 7,800 and notched a record-high close, heading for a winning week as oil prices dropped and inflation data came in less bad.
- A chip giant fell in late trading, bucking the broader market rally (per Investor's Business Daily).
Why it matters: The S&P 500 broke above 7,800 for the first time, with cooling inflation and falling oil prices fueling the record-setting week; the chip giant's late-session drop, however, shows the rally isn't uniform across sectors.
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