Stock Market Today: Semiconductor Resilience

April 23, 2021, 2:03 pm EDT

Semiconductor Resilience

The stock market disregards the higher capital tax proposal that Biden proposed yesterday and made a strong move to the upside. Or, markets consider it is less likely to happen. Banks and semiconductors took the leadership to climb upward. 

Semiconductor fast runner STX leaps another +6% that made up near +50% for the past 3 months. It is too late to chase this one. But, here are many others that are building a proper base and may follow up also: AMD, XLNX, MXIM, SWKS. 

Please note that Intel (INTC) was a laggard and should be avoided.

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