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Wall Street rallies with Nasdaq up 3% as tech takes off

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Reuters

By Devik Jain, Shreyashi Sanyal and Sinéad Carew (Reuters) – Wall Street’s main indexes rallied strongly on Tuesday, with the Nasdaq leading gains as investors piled back into technology stocks and semiconductors in particular after Intel announced plans to take its self-driving car unit public. The chip giant’s decision to list Mobileye in the United States in mid-2022 sent its shares climbing 3.6%. This helped boost the Philadelphia SE Semiconductor index 4.7%, bouncing off a near one-month low hit in the previous session. All of the 11 major S&P sectors were advancing, with the information …

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