Chip Stocks Rebound and Lift Nasdaq Despite Mixed Market Performance
Chip stocks rebounded on July 20, 2026, helping the Nasdaq Composite climb 0.68% despite broader market weakness. While the PHLX Semiconductor Index rose 2.11%, investors remain cautious as rising geopolitical tensions in the Middle East and concerns over AI-sector valuations temper the recovery from last week’s sharp decline. At 11:52 a.m. EDT, the S&P 500 … Read more