Tech stocks rise, led by semiconductor sector
The US stock market saw technology stocks drive gains, with the semiconductor sector performing well. NVDA rose 0.54% and AMD gained 5.39%.
The consumer cyclical sector declined, with AMZN falling 2.04%. The healthcare segment also saw losses, including JNJ down 0.16% and LLY down 0.96%.
The tech rally was supported by gains in communication services, with GOOGL up 1.42%. Financials also showed strength, with JPM rising 1.67%.