Abu dhabi: Major US indexes closed higher on Wall Street today, boosted by a sharp rise in semiconductor stocks, while investors awaited earnings reports from major technology companies for signs about the future of artificial intelligence.
According to Emirates News Agency, the S and P 500 closed up 64.04 points, or 0.86%, at 7,507.32. The Nasdaq Composite rose 321.53 points, or 1.26%, to 25,829.61, while the Dow Jones Industrial Average gained 384.46 points, or 0.74%, to 52,223.72.
Investors are keeping a close eye on the technology sector, which is expected to provide insights into the ongoing development and impact of artificial intelligence. The rise in semiconductor stocks played a significant role in driving the market's upward trend.
