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LIVE MARKETS-Stocks mixed as chips bounce, eyes on midterms

By Reuters News

Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com

STOCKS MIXED AS CHIPS BOUNCE, EYES ON MIDTERMS

Wall Street was mixed on Tuesday after the opening bell rang on election day, with a chips comeback putting the Nasdaq in front.

The Philadelphia SE Semiconductor Index .SOX, which has become something of a proxy indicator for the AI trade, was on the rebound as bargain hunters swooped in. The index lost a whopping 11.6% in the last three sessions.

The S&P 500 joined the Nasdaq in positive territory while the blue-chip Dow was lower.

Growth .IGX had the early edge over value .IVX, with tech .SPLRCT and industrials .SPLRCI up the most among the S&P 500's 11 major sectors.

Early weak spots include consumer staples .SPLRCS, materials .SPLRCM and homebuilders .SPCOMHOME.

Among the Magnificent Seven group of AI-related momentum stocks, Nvidia NVDA.O was up most, while Apple AAPL.O, following CEO John Ternus' memory costs warning, was suffering the steepest percentage loss.

Market participants are looking ahead to today's midterm election results, which will hopefully provide decisive clues regarding the forward path of regulatory policy from Capitol Hill for the next two years.

Here's where things stood as of 10:15 a.m. EST:

(Stephen Culp)

*****

EARLIER ON LIVE MARKETS:

J.P. MORGAN URGES CAUTION AS S&P 500 TESTS KEY SUPPORT LEVELS CLICK HERE

NASDAQ, S&P 500 EMINIS RISE EARLY AS OIL FALLS; MIDTERM RESULTS AHEAD CLICK HERE

WHAT DO ISRAEL'S ELECTIONS MEAN FOR OIL PRICES? CLICK HERE

WHY SOCGEN LIKES EUROPEAN PHARMA CLICK HERE

WHAT MIDTERMS MIGHT MEAN FOR THE YEN CLICK HERE

THE AI BULL EQUATION: CAPEX + TIME = PROFITS CLICK HERE

DOWN, NOT OUT CLICK HERE

BEFORE THE BELL: DOWNBEAT SENTIMENT ON A BUSY DAY CLICK HERE

SO MUCH FOR A QUIET DAY BEFORE THE US MIDTERMS CLICK HERE


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