AMD's Strong Earnings Drive Chip Stocks, US Markets Close Higher with S&P and Nasdaq at New Records

(Central News Agency, New York, 6th, comprehensive foreign report) Signs of a potential resolution to the Middle East conflict boosted market sentiment. Coupled with Advanced Micro Devices (AMD) reporting strong earnings, chip stocks and other artificial intelligence (AI) related concept stocks surged, leading to major US stock indices closing higher today, with the S&P and Nasdaq reaching new record highs. The Dow Jones Industrial Average rose 612.34 points or 1.24%, closing at 49910.59 points. The S&P 500 index increased 105.90 points or 1.46%, settling at 7365.12 points. The Nasdaq Composite Index advanced 512.82 points or 2.02%, closing at 25838.95 points. The Philadelphia Semiconductor Index soared 492.18 points or 4.48%, reaching 11472.75 points. (Translated by: Chen Zhengjian) 1150507