Dow: +114.88…
Nasdaq: +173.09… S&P: +23.78…
The S&P advanced 0.7% today in a session that included renewed strength in the mega-cap stocks and continued weakness in the U.S. dollar. The Nasdaq (+1.7%) and Russell 2000 (+1.2%) rose more than 1.0%, while the Dow increased just 0.4%.
The Nazzy was especially powerful led by Taiwan Semiconductor. TSM was +14% on a deal with INTC.
As a result, the semis (SMH) popped 4.4% and closed the day at all-time highs.
Gold and silver continued to go ballistic today. Its definitely ahead of itself at this point.
Short post tonight. See you in the morning.