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Barchart
Rich Asplund

INSANE: Stocks finish higher as chip makers rally | Rare Historical Photos

United States Dow Jones the Dow Jones Industrials ArcherDanielsMidland NXP Semiconductors NV Palantir Technologies US Federal Reserve

The S&P 500 Index ($SPX) (SPY) Tuesday closed up +1.23%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +1.02%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +1.32%.

Stocks rallied on Tuesday, supported by some positive corporate news.  Chip stocks rose, led by a +14% jump in GlobalFoundries after it reported better-than-expected Q3 net revenue and forecasted Q4 net revenue above consensus.  Also, Palantir Technologies surged more than +23% after reporting stronger-than-expected Q3 revenue and raising its full-year adjusted operating profit estimate. 

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