Stock Indexes Rise as Chipmakers and AI Stocks Gain Momentum
Major U.S. stock indexes closed higher on Tuesday due to a rebound in chipmaker stocks, driven by attractive valuations ahead of key tech earnings reports this week. The S&P 500 rose 0.89%, the Nasdaq Composite gained nearly 2%, and the Dow climbed over 0.7%. However, software stocks declined following a Morgan Stanley downgrade.
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Topics: AI infrastructure chipmakers earnings season stock market