Investors, traders and speculators observed the end of the second quarter and the first half of the year on Tuesday by extending a holiday-week risk-on rally. Technology took the lead, as chipmakers celebrated their best-ever three-month gain, and another survey suggested consumers are feeling better about the broader economy.
The Philadelphia Semiconductor Index rose more than 80% from April through June on demand for chips, hardware and memory to sustain a revolutionary buildout for artificial intelligence (AI) infrastructure.
