US Stocks Set Record High as Chip Stocks Roar, Payrolls Beat
Traders work on the floor of the New York Stock Exchange.
Photographer: Michael Nagle/BloombergUS stocks closed at a record high for the third time this week, buoyed by semiconductor stocks, solid employment data and a US-Iran ceasefire that appeared intact even with clashes near the Strait of Hormuz.
The S&P 500 Index rose 0.8%, with five of 11 sectors rising, led by a 2.7% increase for the tech segment. The Nasdaq 100 Index climbed 2.4%, also to an all-time high.