STOCKS | S&P 500 rises 1.1% as tech gains 2.3%; Nasdaq 100 climbs 1.7%

According to Wallstreetcn, the S&P 500 Index initially rose 1.1%, with the technology sector up 2.3%, consumer discretionary up 1.5%, energy up 0.5%, and financials down 0.1%; the Nasdaq 100 initially gained 1.7%, with ALAB up 9%, Arm Holdings up 8.5%, Intel up 8.1%, AMD and SanDisk up at least 6.4%, Micron up 5.6%, Strategy up 4.7%, SpaceX up 2.9%, Nvidia up 2.5%, Thomson Reuters down 1.7%, Lumentum down 2.9%, CoreWeave down 4%, and T-Mobile down 5.5%, while the Philadelphia Semiconductor Index rose 3.2% and the memory chip index rose 3.4%.