S&P 500 Up Two Straight Days as Chips Rally, Oil Slides — SkimNews
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- S&P 500 posted back-to-back winning days, with chip stocks rallying and oil prices sliding in the same session.
- Dow joined the S&P 500 and Nasdaq in rising, with tech gaining for a second straight day, chip stocks rallying and Reuters framing the higher Wall Street close on revived AI momentum.
Why it matters: Two consecutive winning sessions for the S&P 500, with chip stocks rallying for a second straight day, put the AI trade back at the center of the tape, with Reuters framing the higher close around revived AI momentum. Tech shares were lifted by the chip rally and by sliding oil prices at the same time.
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