Major U.S. stock indexes began Monday higher, with the Dow posting the strongest advance as Taiwan Semiconductor Manufacturing Co. and other chip-linked companies moved up.
The S&P 500 rose 0.43% and Nasdaq gained 0.65%, while the Dow Jones Industrial Average advanced 0.7%. The VIX was down 2.42%.
Cognex had the largest gain among the other named stocks, at 1.96%. Baidu rose 1.85%, Nvidia added 1.81% and KLA gained 1.78%. Taiwan Semiconductor Manufacturing Co. shares climbed 2.03%.
In premarket trading, Marvell Technology topped a nine-stock semiconductor list with a 2.9% gain, while Taiwan Semiconductor was up 2.2%, according to EconoTimes’ earlier roundup of chip shares.
