Chip Makers Lead Market Rally as S&P 500 Gains 0.62%
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 02 2026
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Should l Buy ?
Source: NASDAQ.COM
- Market Rally: The S&P 500 index rose by 0.62% today, primarily driven by strength in chip makers and megacap tech stocks, reflecting strong market confidence particularly in the AI infrastructure sector.
- European Market Influence: The robust performance of European stocks, highlighted by the Euro Stoxx 50 reaching a new high, provided support to US equity markets, indicating that improved global market sentiment may continue to influence US stocks.
- Rising Bond Yields: Despite the stock market gains, the 10-year Treasury yield climbed to 4.19%, a 1.5-week high, which could exert pressure on equities, reflecting investor concerns over future inflation.
- Stable Manufacturing Data: The US December S&P manufacturing PMI remained unchanged at 51.8, in line with expectations, indicating stability in manufacturing activity that may influence future monetary policy decisions.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
