Stocks Push Higher Led by Chipmakers | Closing Bell

Summary

Bloomberg's Closing Bell recaps a Monday session where US stocks pushed higher led by chipmakers. The Philadelphia Semiconductor Index rose 2.2%, with big moves in AMD, Broadcom, and Tesla. The panel discussed the upcoming SK Hynix US listing, Samsung earnings, and risk-on sentiment, while small caps lagged and some sectors declined.

• S&P 500 and Nasdaq led gains while the Russell 2000 underperformed.
• Semiconductors led with the SOX index up 2.2%, lifted by AMD, Broadcom, and memory demand.
• AMD surged 6.6% after Goldman Sachs raised its price target.
• Tesla jumped 6.7% following stronger-than-expected vehicle sales.
• SK Hynix's upcoming US listing highlighted strength in memory chip demand.
• Health care, consumer staples, and utilities were the worst-performing sectors.
• Treasury yields edged lower on light, subdued trading.
• Discussion noted potential risks to the semiconductor supercycle from capacity expansion.