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U.S. Stocks Rally, Chipmakers Surge on Trade Deal Hopes, Bitcoin Falls
ByAinvest
Wednesday, Apr 9, 2025 7:45 am ET1min read
US stocks rebounded from a volatile losing streak after President Donald Trump hinted at a more diplomatic approach to tariff negotiations. The S&P 500 rose 1.4%, the Dow Jones Industrial Average gained 1.1%, and the Nasdaq Composite led with a 1.8% jump. Technology stocks, particularly semiconductor stocks, drove the rally. The iShares Semiconductor ETF surged 3.3%, with Broadcom Inc. leading the charge. In contrast, cryptocurrency markets failed to participate, with Bitcoin falling 1% to $78,000.
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