Chipmakers Propel S&P 500 to New Heights Amid Market Optimism

Chipmakers Propel S&P 500 to New Heights Amid Market Optimism

The S&P 500 achieved a record close, driven by the semiconductor sector, while weaker job growth did not affect expected interest rate cuts. Broadcom, Tesla, and Alphabet contributed significantly to the market rally. The anticipation around AI's impact on industries and the upcoming fourth-quarter earnings season also played a role.

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