Philadelphia Semiconductor Index Surges 6.2% as Nasdaq Gains 2%

US equities rally with Nasdaq up 2.02% and Dow Jones rising 1.65%. Chip stocks lead gains, with Philadelphia Semiconductor Index jumping 6.18% and ARM climbing over 14%.

Woofun AI data shows US stock markets are rallying, with the Nasdaq Composite Index gaining 2.02%, the S&P 500 rising 1.43%, and the Dow Jones Index up 1.65%. Semiconductor equities are driving the advance, as the Philadelphia Semiconductor Index climbs 6.18%. Individual chip makers see sharp increases, with ARM up over 14%, SanDisk rising more than 10%, Intel gaining over 9%, Micron Technology up nearly 8%, AMD increasing over 7%, and Qualcomm rising more than 6%.