The tech-heavy index led the charge, with the semiconductor index providing the primary momentum for the session. Intel shares climbed following news of a significant chip order from Google, while Marvell Technology also posted strong performance figures. In contrast, Apple shares saw a slight dip after the company outlined its upcoming artificial intelligence updates for Siri.
While technology stocks surged, the broader market remained divided. The Dow Jones Industrial Average closed slightly lower, failing to maintain its intraday highs as investors balanced bargain-hunting impulses with lingering anxiety over high valuations and mixed economic signals. Market participants are also monitoring developments surrounding SpaceX’s potential IPO and the steady growth of companies like Eli Lilly, which continue to bolster sentiment despite the overarching caution in the current climate.
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