From Nasdaq.: 2025-06-04 09:23:00

U.S. stocks closed higher on Tuesday driven by a chipmaker rally as investors awaited clarity on trade deals. Dow Jones rose 0.5%, S&P 500 gained 0.6%, Nasdaq jumped 0.8%. Materials and tech stocks led gains. NVIDIA led chip stocks rally, with Micron and Broadcom also surging. Fear-gauge VIX was down.
Chip stocks rallied, with NVIDIA leading the charge, surpassing Microsoft in market cap. Investors optimistic about trade deals, President Trump to meet Chinese President Xi Jinping. OECD cut U.S. growth outlook to 1.6% due to tariff uncertainty. Economic data shows job openings up, layoffs at nine-month high, factory orders down 3.7% in April.
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Read more at Nasdaq.: Stock Market News for Jun 4, 2025