Nasdaq Composite Rises 1% as Philadelphia Semiconductor Index Gains 2.37%

U.S. equities advanced Tuesday morning, with the Philadelphia Semiconductor Index rising more than the Nasdaq Composite as chip shares led gains in a late-morning snapshot of the broader market.

At 11:07 a.m. ET (15:07 UTC) on Oct. 27, the Nasdaq Composite was up 1%. The Philadelphia Semiconductor Index gained 2.37% and stood at 11,346, while the Dow Jones Industrial Average rose 0.08% and the S&P 500 added 0.53%.

Among chip-related companies, Advanced Micro Devices led with a 4.08% gain, followed by Broadcom at 3.49%, Intel at 2.82% and Micron Technology at 2.63%. Taiwan Semiconductor Manufacturing Co. rose 2.62%; ASML gained 2.27%, SK Hynix added 2.08%, Arm rose 1.08% and Nvidia gained 0.87%.

Dell Technologies climbed 7.73%, the largest increase among the companies listed, while Meta slipped 0.42%.

The advance followed Monday’s late-morning session, when the Philadelphia Semiconductor Index was up 3% and the Nasdaq Composite was 1.3% higher at a similar point in trading.