Middle East Conflict Eases Hopes, US Stock Indices Close Higher, Philly Semiconductor Index Soars Over 3%
Reports indicate that Iran is seeking to restart dialogue with the U.S. and Israel, leading to market expectations that the Middle East conflict may ease. On Monday (16th), major U.S. stock indices all closed higher. The Dow Jones Industrial Average rose by 317.3 points, an increase of 0.75%, finishing at 42,515.09 points; the S&P 500 rose by 0.94%; the Nasdaq, heavily weighted by tech stocks, surged by 1.52%; while the Philadelphia Semiconductor Index skyrocketed by 3.03%.
Among the American Depositary Receipts (ADRs), TSMC ADR increased by 2.17%; ASE Technology ADR rose by 3.08%; and UMC ADR also recorded a rise of 2.46%. In summary, the Dow Jones Industrial Average rose 317.3 points, finishing at 42,515.09 points; the S&P 500 gained 56.14 points, closing at 6,033.11 points; the Nasdaq gained 294.39 points, finishing at 19,701.21 points; and the Philadelphia Semiconductor Index increased by 155.05 points, closing at 5,267.30 points.
