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Barchart
Rich Asplund

S&P 500 Climbs to a Record High as Chip and Energy Stocks Rally

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The S&P 500 Index ($SPX) (SPY) Wednesday closed up +0.47%, the Dow Jones Industrials Index ($DOWI) (DIA) closed down -0.02%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +0.73%.  September E-mini S&P futures (ESU25) are up +0.37%, and September E-mini Nasdaq futures (NQU25) are up +0.61%. 

Stock indexes settled mostly higher on Wednesday, with the S&P 500 posting a new all-time high.  Strength in semiconductor makers on Wednesday led the broader market higher.  Also, Wednesday's +3% rally in WTI crude oil prices underpinned energy producers.  Stocks added to their gains after President Trump announced that the US had reached a trade deal with Vietnam.

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