The market in 3 minutesUS close · Thu, Oct 15

Blue Chips Advance; Small Caps Lead as Chip Stocks Slip

WhyBroader market indexes advanced as investors rotated away from semiconductor stocks amid concerns about AI infrastructure spending sustainability and competition from Chinese chipmaker CXMT. Small caps and blue chips outperformed, with the Russell 2000 gaining 1.38% and the Dow adding 1.08%, while the tech-heavy Nasdaq lagged at 0.08%.

What moved
  • Intel (INTC) dropped 4.56% on 1-day basis; ServiceNow (NOW) jumped 5.1% on AI product launch
  • Moderna (MRNA) hit 52-week highs as Goldman Sachs raised price target to $137
  • Coca-Cola (KO) partnership with KFC announced; Coca-Cola products roll out spring 2027
Tonight
Interactive Brokers Group (IBKR), J B Hunt Transport Services (JBHT), Alcoa (AA) and 6 more report after the bell
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Fed rate decision · Wed, Oct 28 · 2:00 PM ET

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