The S&P 500 Index ($SPX) (SPY) today is up by +1.28%, the Dow Jones Industrials Index ($DOWI) (DIA) is up by +0.82%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up by +1.91%. December E-mini S&P futures (ESZ25) are up +1.27%, and December E-mini Nasdaq futures (NQZ25) are up +1.87%.
Stock indexes are sharply higher today, led by a sharp rebound in chip stocks following Wednesday’s rout. Micron Technology, the largest US memory-chip maker, is up more than +11% to lead chip stocks higher after giving an upbeat forecast for the current quarter, citing surging demand and supply shortages that are allowing the company to charge more for its products. Strength in the Magnificent Seven technology stocks today is also providing support to the overall market.
