The Philadelphia Semiconductor Index outpaced U.S. stock benchmarks at Tuesday’s open, rising 1.4% as the S&P 500 and Nasdaq advanced and the Dow Jones Industrial Average was little changed.
Nasdaq gained 0.47%, while the S&P 500 rose 0.3%; both increases trailed the semiconductor gauge.
Earnings news accompanied opposite moves among two companies. S&P Global shares advanced 4.7% after third-quarter results topped expectations. Boeing shares fell 2.5% after its quarterly loss exceeded expectations.
General Motors shares rose 3.3%. The listing change is scheduled for Nov. 17, when General Motors shares are set to move from the New York Stock Exchange to Nasdaq.
The semiconductor index also led gains in late-morning trading Monday, when the S&P 500 and Nasdaq were higher.
