Wall Street rises on chip rally and tech earnings

Wall Street indexes closed higher, supported by a rebound in semiconductor stocks and expectations of strong results from major tech companies, despite geopolitical tensions and rising oil prices. The S&P 500 increased by 0.86%, the Nasdaq by 1.26%, and the Dow Jones by 0.74%. The technology sector saw significant gains despite concerns over high valuations, as investors await earnings reports from companies like Alphabet and Intel to assess the sustainability of AI-related spending.

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