Wall Street rises as chip stocks rally after holiday weekend

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Wall Street rises as chip stocks rally after holiday weekend
Photo: Richard Drew/AP/TT

About an hour after the opening, the Dow Jones industrial average had fallen 0.2 percent, but the broad S&P 500 index had risen 0.5 percent and the technology-heavy Nasdaq was up 1.1 percent.

Semiconductor companies Western Digital and AMD have had a very good start to the week, with gains of 10.7 and 9.7 percent, respectively.

Industry peer Marvell Technology is up 5.3 percent.

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TT News AgencyT
By TT News AgencyEnglish edition by Sweden Herald, adapted for our readers

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