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Nasdaq-100 Rises 2.8% Today, Arm Surges 17.5% Amid Tech Rally
The Nasdaq-100 index gained 2.8% today, with semiconductor and tech stocks leading the rally. Arm Holdings surged 17.5%, while ALAB rose 12.8%, Intel climbed 12.5%, Meta advanced approximately 12%, Western Digital gained 10.7%, and AMD increased roughly 10%. The S&P 500 rose 1.5%, with the telecommunications sector up 4.2% and technology up 2.4%. The Philadelphia Semiconductor Index climbed 4.3%, while the storage chip index gained 2%.