U.S. stocks rebound as semiconductor index surges more than 3%

  • U.S. stocks rebounded after Thursday’s open, led by technology and semiconductor shares.
  • Philadelphia Semiconductor Index gained 3.03%, while Taiwan Index Futures rose 611 points to 47,070.
  • Markets are monitoring Treasury yields, oil prices, inflation data, elections and technology earnings.

U.S. stocks staged a broad rebound after Thursday’s (17th) open, led by technology and semiconductor shares as investors looked past the Federal Reserve’s 0.25 percentage point rate increase in the prior session. The Philadelphia Semiconductor Index gained more than 3%, while the Nasdaq Composite rose 1.66% as of 10:28 p.m. Taipei time. Taiwan Index Futures’ night session climbed 611 points to 47,070. Nvidia gained 2.70%, adding more than CNY 730 billion, or approximately $109.0 billion, to its market capitalization, after CEO Jensen Huang emphasized artificial intelligence safety and projected that next year’s chip sales would double this year’s figures. Falling Treasury yields and crude prices also supported sentiment, with the 10-year U.S. yield slipping below 5% and WTI crude dropping below $100 a barrel. Analysts said risks remain from inflation, elections, financing difficulties at hyperscale data centers, and a potential slowdown in AI development. Investors will be watching Treasury yields, oil prices, economic data, policy signals and technology earnings to determine whether the rebound can develop into a sustained trend.

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