With semiconductor stocks broadly rallying, the New York stock market closed higher on the 18th (local time).
On the New York stock market that day, the Dow Jones Industrial Average finished at 51,564.70, up 72.15 points (0.14%) from the previous session. The Standard & Poor's (S&P) 500 index closed at 7,500.58, up 80.48 points (1.08%), and the tech-heavy Nasdaq composite ended at 26,517.93, up 496.28 points (1.91%), respectively.
All three major indexes fell the previous day after the Federal Reserve (Fed) signaled the possibility of a rate hike within the year, but bargain hunting flowed in on this day, fueling a semiconductor rally.
In particular, President Donald Trump said on the social media (SNS) platform Truth Social that "Apple has agreed to work with Intel to design and produce chips in the United States," sending Intel up 10.64%.
Memory chipmakers also posted strong gains, including Micron Technology (8.7%) and SanDisk (11.54%).
SpaceX, which surged over its first three trading sessions after its New York market debut last week, fell 3.56% on the day following the previous day, marking two straight days of declines.