The New York stock market closed higher on the 18th, local time, as semiconductor shares rose across the board.
On the New York stock market, the Dow Jones Industrial Average finished up 72.15 points, or 0.14%, at 51,564.70. The Standard & Poor's (S&P) 500 index closed up 80.48 points, or 1.08%, at 7,500.58, and the tech-heavy Nasdaq composite ended up 496.28 points, or 1.91%, at 26,517.93.
The three major New York indexes fell together the previous day after the Federal Reserve (Fed) signaled the possibility of a rate hike within the year, but bargain hunting flowed in on the day and fueled a rally in chip stocks.
In particular, President Donald Trump said on the social media 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 had surged during its first three trading days after making its New York debut on the week of the , fell 3.56% on the day following the previous session, marking two straight days of declines.