PHLX Semiconductor Index Rebounds 3.60% After Monday’s 3.37% Drop
Photo: TokenPost
The PHLX Semiconductor Index rose 3.60% Tuesday after falling 3.37% Monday, bringing renewed focus to whether technology stocks can support an AI-led bull market that Michael Santoli says needs renewed strength to advance. The index closed at 10,699.95, up 371.62 points from Monday’s finish at 10,328.33. Monday’s close was 360.47 points below the Oct. 30 level of 10,688.80. The two-session sequence left the gauge 11.15 points above its Oct. 30 close. The Nasdaq-100 also advanced Tuesday, rising 0.64%, or 179.87 points, to 28,169.69. Its previous close was 27,989.82. The semiconductor index had the larger percentage gain for the session.
Source: TokenPost
