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Story summary
- U.S. stocks rose on Tuesday as semiconductor shares surged, lifting the S&P 500 0.85% to 7,506.88.
- The Nasdaq Composite gained 1.34% to 25,850.97.
- The Dow Jones Industrial Average rose 0.76% to 52,235.23.
- Semiconductor stocks climbed about 5.5%, led by Micron Technology up roughly 12.5% and Nvidia up around 2%.
- Analysts projected semiconductors will deliver 44% of the S&P 500’s quarterly profit growth.
