Major indices rise as semiconductor and airline stocks lead gains, while energy shares decline on lower oil prices.
US equities surged with the Russell 2000 up 2.56%, outpacing the NASDAQ’s 1.54% and S&P 500’s 1.08% gains. The Dow Jones Industrial Average climbed 1.31%, driven by Goldman Sachs and Nike, while Chevron and Walmart lagged.
Airlines and semiconductor stocks led advancers, with Alaska Air, United, Delta, ARM, AMD, and SMCI posting strong gains. Energy stocks underperformed, with Exxon, Occidental, and Chevron down 3–3.5% as oil prices fell. The rotation reflected sector-wide shifts ahead of Nvidia’s earnings report.
Market breadth was positive, with 22 of 30 Dow components rising. Losses were contained, signaling broad-based optimism rather than isolated weakness.