A second day of robust bank earnings helped fuel a broader rally in stocks, offsetting another day of sharp declines in highflying chip, memory and other hardware stocks. Many of the “Magnificent Seven” stocks fueling the artificial-intelligence buildout gained. The Dow Jones Industrial Average closed up by about 150 points, or 0.3%, near 52,658, based […]
A second day of robust bank earnings helped fuel a broader rally in stocks, offsetting another day of sharp declines in highflying chip, memory and other hardware stocks. Many of the “Magnificent Seven” stocks fueling the artificial-intelligence buildout gained.
The Dow Jones Industrial Average closed up by about 150 points, or 0.3%, near 52,658, based on preliminary data.
The S&P 500 rose 0.4%.
The Nasdaq composite finished 0.6% higher.
The S&P 500’s financial sector closed at a new record.
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