The Nasdaq rallied more than 2 percent on Tuesday as technology firms bounced back on easing concerns around the Omicron variant, while Intel jumped after plans to take its self-driving car unit public. Investors cheered the chip giant’s decision to list Mobileye in the United States in mid-2022, sending its shares 5.0 percent higher. The Philadelphia SE Semiconductor index surged 3.5 percent, bouncing off a near one-month low hit in the previous session. Ten of 11 major S&P sectors advanced in early trading, with the information technology sector, which houses companies like Visa Inc., Mastercard Inc., Salesforce.com, and Apple Inc., gaining 2.5 percent. Wall Street’s main indexes closed higher on Monday as optimistic comments from a top U.S. official about Omicron encouraged investors. The CBOE volatility index, too, eased from a 10-month high hit last week, when fears around the new virus strain and the Federal Reserve’s hawkish comments rattled …
Big Tech, Chipmakers Power Nasdaq as Omicron Worries Subside
December 7, 2021
admin
Business & EconomyBusinesses in COVID-19CCP ViruschipmakersCompanieseconomic policieseconomyGold & CommoditiesinflationInvestmentLocal NewsMarket WatchMarketsMedia & Big TechNASDAQNew YorkNY NewsOmicronRegional-Local NewsstocksTechUSUS NewsWorld
0 Comment