Semiconductor stocks leading stocks higher:
Advanced Micro Devices $AMD 75.51, +5.46, +7.8% Qualcomm $QCOM 128.91, +6.01, +4.9% after upgrade to Overweight from Equal Weight at Barclays.
PHLX Semiconductor Index $SOX +3.1%
VanEck ETF $SMH +2.97%
Notably, semiconductor equipment companies Applied Materials (AMAT 111.51, +1.86, +1.7%) and KLA Corp. (KLAC 417.88, +4.03, +1.0%) trade up today despite receiving a downgrade to Equal Weight from Overweight at Barclays.
Strength from semiconductor components helps to boost the S&P 500 information technology (+1.6%) to first place on the leaderboard for the 11 sectors.
Salesforce (CRM 155.84, +4.59, +3.1%) is another winning standout from the info. tech. sector following reports that Elliott Management is aiming to take stake in CRM.