As another truncated business week began, chipmakers’ and technology companies’ stocks surged Monday.
The Dow Jones Industrial Average increased by 0.4%, or 153 points. The Nasdaq Composite increased 1.2%, while the S&P 500 increased 0.8%.
Following Foxconn’s announcement of record fourth-quarter revenue, chip equities saw the biggest rises.
Micron Technology added 5%, while Nvidia and Broadcom increased more than 2.5% and 1%, respectively.
Source (CNBC)
