Overview
- The Nasdaq climbed about 2.3% in late trading, adding roughly 520 points, while the S&P 500 rose about 1.5% and the Dow advanced roughly 0.8%.
- Nvidia led AI-linked gains with shares up about 5%, and other chip names rallied after TSMC reported October revenue up nearly 17% year over year.
- Optimism about a resolution to the federal shutdown supported travel stocks, with United Airlines up 2.5% and Delta Air Lines up 1.8%.
- Health insurers fell on uncertainty over expiring health-care tax credits, with Cigna and Humana each down about 1.7%.
- Safe-haven buying lifted precious metals as gold rose roughly 2.2% and silver gained about 3.7%, while European and Asian equity indexes also advanced.