The S&P 500 Index ($SPX) (SPY) Wednesday closed up +1.02%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +1.09%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +1.09%.
Stock indexes rallied Wednesday, with the S&P 500 and Nasdaq 100 posting new all-time highs and the Dow Jones Industrials posting a 7-week high. The strength of chip stocks led technology stocks and the broader market higher Wednesday after Taiwan Semiconductor Manufacturing Co, the sole supplier of Nvidia's and Apple's most advanced chips, reported stronger-than-expected Q2 sales. Also, shares of Apple rose to a record high on news that it aims to ship 10% more new iPhones this year.
