Stocks in the technology sector surged during the afternoon session, with the S&P 500, Dow Jones, and Nasdaq all approaching record levels. Investor optimism was driven by advancements in artificial intelligence, a key theme at the CES trade show. The market reacted positively to hopes for easier monetary policy from the Federal Reserve following a weaker US Services PMI reading. Vishay Intertechnology’s shares were impacted, reflecting the market’s perception of the news. The stock is up 7.8% this year but still trading below its 52-week high. Investors can track stock movements with StockStory’s watchlist feature.

Read more at Barchart: Qualcomm, Vishay Intertechnology, Power Integrations, Teradyne, and Entegris Shares Skyrocket, What You Need To Know