U.S. stock market closes: Nasdaq and S&P 500 index rise for six consecutive weeks to new highs; multiple storage chip stocks surge and hit new highs

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Gold Financial reports that on May 9th, the three major U.S. stock indices all closed higher, with the Nasdaq up 1.71%, gaining 4.51% this week; the S&P 500 index up 0.84%, gaining 2.33% this week; the Dow Jones Industrial Average up 0.02%, gaining 0.22% this week; the Philadelphia Semiconductor Index up over 5.51%, gaining 11.14% this week. Among them, the Nasdaq and S&P 500 index rose for the sixth consecutive week, marking the longest streak since October 2024, and reached new highs again, with storage chip stocks leading the gains, with SanDisk up over 16%, Micron Technology up over 15%, Intel up nearly 14%, Seagate Technology up over 2%, all reaching new highs. Dell Technologies rose over 13%. On the news front, Trump said, “Go buy a Dell computer.” Akamai rose over 26%, its best single-day performance since 2004. Rocket Lab rose over 34%, its largest single-day gain since its U.S. IPO. Monster Beverage Corp. (MNST) surged over 13%, its biggest single-day increase since 2015. Forward Air Corp. (FWRD) fell over 43%, its worst single-day performance since 1999.

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