Nasdaq turns positive, up 0.2%; Philadelphia Semiconductor Index rebounds; Nvidia up 2% to two-month high
The Nasdaq Composite turned positive, rising 0.2% after an earlier decline of 0.5%, as buying interest emerged in technology shares. The Philadelphia Semiconductor Index also reversed course, climbing from a 2% drop to trade higher. Nvidia led the rebound, with its shares advancing 2% to reach a two-month high. The moves reflect renewed investor appetite for chip and tech stocks amid a volatile session.
The Nasdaq Composite turned positive, now up 0.2%, after having fallen as much as 0.5% earlier. The Philadelphia Semiconductor Index also turned higher, following a decline of 2%. Nvidia shares rose 2%, reaching a two-month high.