S&P 500 — US Large Cap Index
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
Nikkei 225 — Japan Benchmark
Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
Nifty 50 — India Large Cap
STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico Market
US equity indices were mixed on Tuesday as chip producers extended their selloff, contrasting with relief on other sectors. The S&P 500 was flat, while the Nasdaq 100 dropped 1% and the Dow gained 300 points. Concerns of slowing spending on AI infrastructure and the circularity of data center investments grappled compute and memory producers, with Micron, Sandisk dropping more than 7%. The sector was also punished by optimism on Chinese competitors following the strong CXMT IPO in Shanghai. Nvidia fell 1.5% and AMD lost around 5%. On the other hand, software-facing and non-tech shares were mostly higher, with Microsoft and Meta inching higher ahead of their earnings tomorrow. Credit costs extended their pullback, tracking lower energy pries as US officials signaled willingness for diplomacy with Iran. JPMorgan was higher to set the pace for the banks, while Visa gained 1% ahead of its earning release after the close. Also, Coca Cola gained 3% after boosting its outlook.
