S&P 500 Record High Runs on AI Chips While the Dow Stalls

The S&P 500 record high is driven by AI chip optimism and semiconductor gains, while the Dow Jones Industrial Average stalls in a descending channel. Fiona Cincotta, StoneX Senior Market Analyst, explains what is powering the Nasdaq 100 and why the Dow Jones is lagging. Markets still price in a more than 85% probability of a December Federal Reserve rate hike, putting the FOMC minutes from the September meeting in focus. A renewed climb in the 10-year Treasury yield is weighing on riskier assets as Q3 earnings season and U.S. inflation data approach. Discover Actionable Insights with the latest Market Outlook Reports: https://intel.stonex.com/offer?language=en&campaignId=A908C315-DC62-4F35-AC16-870BB71E84D1&utm_source=youtube&utm_medium=social&utm_campaign=sxtv_guest_fiona_cincotta&utm_content=share 00:00 - AI Chip Rally Lifts S&P 500 00:58 - Hike Odds Sink, Yields Don't 01:57 - FOMC Minutes Eye December Hike 03:44 - Dow Jones Lags the S&P 500 Run 04:33 - Earnings Meet Inflation Data Like and subscribe for more financial market insights. #SP500 #StoneX #FionaCincotta #Nasdaq --------- Like this video? Subscribe and turn on notifications so you don't miss any videos from StoneX: https://www.youtube.com/@stonex_official Visit https://www.stonex.com/en/insights/thought-leadership/?utm_source=youtube&utm_medium=social for insights, perspectives and thought leadership from StoneX's global network of experts. Visit our website: https://www.stonex.com?utm_source=youtube&utm_medium=social