Memory Stocks Spark a Market Rebound; Dow Jones Joins the Party
All three major indexes are climbing together for a change. Semiconductor stocks deserve most of the credit.
Overview
If Monday was a tale of divergence, Tuesday brought something rarer: agreement. All three major indexes climbed together, powered by a semiconductor rally that showed no signs of fading.
By 11:31 a.m. ET, the Nasdaq Composite (NASDAQINDEX: ^IXIC) had jumped 1.3%, the S&P 500 (SNPINDEX: ^GSPC) was up 0.7%, and the Dow Jones Industrial Average (DJINDICES: ^DJI) had gained 0.6%. The session started with a brief wobble; all three indexes opened in the green but dipped in the first 20 minutes before finding their footing. By late morning, each had hit fresh session highs.
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.