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Barchart
Barchart
Rich Asplund

BIZARRE: Stocks rally on chip stock strength | Mind Blowing Facts

United States SP 500 ArcherDanielsMidland Cummins Inc NXP Semiconductors NV Palantir Technologies US Federal Reserve YUM

The S&P 500 Index ($SPX) (SPY) today is up +0.95%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.88%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +1.08%.

Stocks are climbing today, supported by some positive corporate news.  Chip stocks are moving higher, led by a +9% jump in GlobalFoundries after it reported better-than-expected Q3 net revenue and forecasted Q4 net revenue above consensus. Also, Palantir Technologies is up more than +22% after reporting stronger-than-expected Q3 revenue and raising its full-year adjusted operating profit estimate. 

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