Stockreport
Stocks edge a bit below their latest records on Wall Street [Los Angeles Times (CA)]
Last broadcom inc. earnings: 3/12 04:15 pm
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US:NASDAQ Investor Relations: investors.broadcom.com
The wobbly day for stocks closed out a week of similar movements for major indexes amid profit reports from banks and updates on inflation. The S&P 500 fell 4.46 points, or 0.1%, to 6,940.01. It is sitting just below its record, which was set on Monday. The Dow Jones Industrial Average fell 83.11 points, or 0.2%, to 49,359.33. The Nasdaq composite fell 14.63 points, or 0.1%, to 23,515.39. Each index notched weekly losses. Smaller company stocks fared better. The Russell 2000 eked out a 0.1%, while also notching a 2% gain for the week. Technology stocks were the strongest forces behind the market's moves throughout most of the day. Several big technology stocks made strong gains and helped offset losses elsewhere. Broadcom rose 2.5% and Micron Technology rose 7.8%. The semiconductor companies are among several Big Tech companies with outsized valuations that often push the market higher or lower. A handful of regional U.S. banks reported their earnings following mixed report
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