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Nasdaq Composite Jumps 0.9% as Semiconductors Stage a Comeback

The Motley Fool·
Nasdaq Composite Jumps 0.9% as Semiconductors Stage a Comeback

The stock market rallied on Thursday as investors responded optimistically to President Trump's comments about potential negotiations with Iran, easing oil price concerns. The semiconductor sector led gains, with Micron jumping 7.5% following a $3 billion domestic investment announcement. However, software and hyperscaler stocks like Alphabet fell as investors rotated into hardware. Honeywell continued its post-spinoff decline, losing another 9.2%.

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