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Rich Asplund

Stocks Recover Early Losses and Close Higher as Chip Stocks Surge

United States Harris Jeffries US Federal Reserve

The S&P 500 Index ($SPX) (SPY) Wednesday closed up by +1.07%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up by +0.31%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up by +2.17%.

Stocks on Wednesday recovered from early losses and settled higher, with the Nasdaq 100 climbing to a 1-week high. Strength in chip stocks on Wednesday led to gains in technology stocks and powered the overall market higher.

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