Chipmakers Drive Market Surge Amid Earnings Season Launch

The S&P 500 and Nasdaq opened higher, driven by a resurgence in chipmakers during a volatile week commencing the fourth-quarter earnings season. The Dow Jones Industrial Average saw a modest rise, reflecting a steady market trend as investors responded to early earnings reports and adjusted their positions accordingly.

On Friday, Wall Street experienced a lift as a resurgence in the semiconductor sector aided in boosting the S&P 500 and Nasdaq indices. This rally arrives amid an otherwise volatile week for the markets.

The initial market indicators show the Dow Jones Industrial Average climbing modestly by 24.3 points, marking a 0.05% increase and reaching 49,466.7 points.

The S&P 500 and Nasdaq Composite also followed suit, rising by 16.1 points (0.23%) and 109.7 points (0.47%) respectively, as chipmakers provided a solid start to the fourth-quarter earnings season.

(With inputs from agencies.)