US stocks rise as chipmakers rally, Fed bolsters rate cut bets
The Dow Jones Industrial Average rose 148.90 points, or 0.38%, at the open to 39,661.03.
The tech-laden led Wall Street higher on Thursday as chip stocks rallied following Micron Technology's upbeat forecast, while investors took comfort in the Federal Reserve sticking to its three-rate-cut view for this year.The Industrial Average rose 148.90 points, or 0.38%, at the open to 39,661.03.
The S&P 500 opened higher by 28.81 points, or 0.55%, at 5,253.43, while the Nasdaq Composite gained 147.83 points, or 0.90%, to 16,517.24 at the opening bell.
More to come....
Source: Stocks-Markets-Economic Times
