Semiconductor stocks rally after US Fed kicks off easing cycle; Nvidia soars 5%, S&P 500 hits record-high | Stock Market News

Semiconductor stocks rally after US Fed kicks off easing cycle; Nvidia soars 5%, S&P 500 hits record-high | Stock Market News

Source: Live Mint Semiconductor stocks such as Nvidia rose 4.7%, while Advanced Micro Devices gained 3.5% and Broadcom added 3.8%, sending the Philadelphia SE Semiconductor Index up 3.6%.  Wall Street rallied on Thursday with the S&P 500 hitting another intraday record high after the Federal Reserve kicked off its easing cycle with half-a-percentage point reduction…

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