Semiconductor index jumps 2.12%, lifting Nasdaq 1.30% and S&P 0.81%
AMAT•US stock benchmarks closed higher with the S&P 500 climbing 0.81% and the Nasdaq Composite up 1.30% as the Philadelphia Semiconductor Index surged 2.12%, led by gains in Applied Materials and other chip equipment vendors. Gold declined 0.18% and the VIX dropped 6.27% after Middle East tensions eased, supporting assets.
1. Tech Rally Led by Chip Equipment Makers
The Philadelphia Semiconductor Index rose 2.12% as Applied Materials and peer equipment vendors rallied between 2% and 3%, propelling the Nasdaq Composite 1.30% higher and lifting the S&P 500 by 0.81%.
2. Commodities and Volatility Movements
Gold prices dipped 0.18% to $4,133.40 per ounce and the VIX plunged 6.27% to 15.84 as easing Middle East tensions reduced risk premiums, bolstering equity market momentum.
