US stocks close higher as semiconductor shares rally
Wall Street indices ended higher, buoyed by semiconductor gains and investor anticipation of major tech earnings.
Key Takeaways
AIThe main US stock market indices finished higher today, supported by strong gains in semiconductor shares as investors awaited earnings reports from major technology companies for signals on the future of the artificial intelligence sector.
According to preliminary data, the S&P 500 closed up 64.04 points, or 0.86%, at 7,507.32 points.
The Nasdaq Composite rose 321.53 points, or 1.26%, to end at 25,829.61, while the Dow Jones Industrial Average gained 384.46 points, or 0.74%, closing at 52,223.72.
Meanwhile, investors continue to monitor results from leading technology firms amid growing interest in developments in artificial intelligence and their impact on global markets.