Wall Street opens higher as chip stocks rebound before tech earnings
What's next: Investors are looking to upcoming big-tech results for signals on whether the AI-fueled rally can keep going.
Wall Street opened higher Tuesday as semiconductor shares extended their rebound from a recent selloff and traders turned their focus to major technology earnings. At the open, the Dow Jones Industrial Average gained 77.5 points, or 0.15%, to 51,916.79. The S&P 500 rose 46.7 points, or 0.63%, to 7,489.95, and the Nasdaq Composite climbed 264.5 points, or 1.04%, to 25,772.549. The move followed a recovery in chip stocks, a closely watched corner of the market because of its ties to artificial intelligence spending. Investors are now watching earnings reports for clues about whether the AI trade still has room to run.