Nasdaq rises 127 points as semiconductor stocks lift U.S. markets

U.S. stocks rebounded in the 12th session, led by semiconductor shares, with the Nasdaq Composite posting the strongest percentage gain among the three major indexes. By the 12 p.m. hour, the Dow Jones Industrial Average was up 39.93 points at 53,831.78, while the Nasdaq had risen 127.22 points to 26,572.67 and the S&P 500 gained 14.55 points to 7,742.75. The Philadelphia Semiconductor Index, or SOX (semiconductor stock benchmark), surged 3.10%, helping drive the broader recovery after the Dow had fallen 184.13 points in the previous session. Lower Treasury yields also supported technology shares, with the U.S. 10-year yield down 0.02 percentage points to 4.67% and the 2-year yield down 0.02 percentage points to 4.19%. In other markets, Nikkei 225 futures on the Osaka Exchange jumped 850 points to 68,510, a move seen as a tailwind for Tokyo equities, while gold futures climbed 0.82% as demand for safe-haven assets continued.

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