US Markets Wrap: Chips Power the Rebound, AI Optimism Lifts Wall Street
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US Markets Wrap: Chips Power the Rebound, AI Optimism Lifts Wall Street
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U.S. stocks rebounded after two straight losing sessions, with chipmakers and banks leading the charge. The Dow jumped nearly 300 points, while the S&P 500 and Nasdaq both edged higher, though all three benchmarks finished off their intraday highs. Semiconductor stocks surged after Taiwan Semiconductor posted a record quarter and signaled confidence in the AI boom with a big jump in planned 2026 capital spending. Shane Oliver, Chief Economist & Head of Investment Strategy, AMP Capital looks at where investors are shifting their money in the coming months.
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