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U.S. stocks close higher: Nasdaq up over 2%, multiple semiconductor stocks surge more than 10%
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On September 21, US stocks closed higher with all three major indices advancing. The Nasdaq Composite led gains, rising 2.26%, while the S&P 500 added 1.49% and the Dow Jones Industrial Average gained 0.71%. The Philadelphia Semiconductor Index surged 4.29%, its best single-day performance since August 4. Semiconductor and chip stocks saw significant gains: ARM jumped over 17%, its largest daily increase since April last year; Intel rose over 12%, its biggest gain since May; Meta climbed over 11%, also its largest single-day rise since April last year; AMD advanced about 10%, reaching a new all-time high and surpassing a $1 trillion market capitalization for the first time, becoming the fourth US chip company to join the 'trillion-dollar club' and ranking 16th among global publicly traded companies by market cap; Qualcomm gained over 9%, its best day since May. Optical communication stocks also rose sharply, with Astera Labs up over 12% and Credo up over 6%. Warner Bros. Discovery (WBD) jumped over 10%, its largest gain since October last year, benefiting from an acquisition deal with Paramount Skydance.
Source report
New York, September 21 — U.S. stocks opened higher and continued to climb throughout the session, with all three major indices closing in positive territory. The Nasdaq Composite rose 2.26%, the S&P 500 gained 1.49%, and the Dow Jones Industrial Average added 0.71%.
Semiconductor Sector Leads Gains
The Philadelphia Semiconductor Index surged 4.29%, marking its best single-day performance since August 4.
Key movers in the semiconductor space included:
- ARM: Rose over 17%, its largest single-day gain since April last year.
- Intel: Jumped more than 12%, its biggest increase since May.
- Meta: Gained over 11%, also recording its largest single-day rise since April last year.
- AMD: Climbed approximately 10%, hitting a new all-time high. The company's market capitalization exceeded $1 trillion for the first time, ranking 16th among global publicly listed companies by market value. AMD became the fourth U.S. chipmaker to join the "trillion-dollar club."
- Qualcomm: Rose more than 9%, its best performance since May.
Optical Communications Stocks Rally
Optical communication stocks also saw strong gains:
- Astera Labs: Up over 12%
- Credo: Gained more than 6%
- Corning and Marvell Technology: Each rose over 5%
Warner Bros. Discovery Surges on Acquisition News
Warner Bros. Discovery (WBD) jumped over 10%, its largest single-day increase since October last year, driven by news of its acquisition deal with Paramount Skydance.
Source
界面新闻Neutral / independent
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