Economy / Markets
Wall Street stages a broad relief rally as chips rebound and oil slides
The S&P 500 rose 2.35 percent to 7,549.94 on 9 November, the Nasdaq Composite gained 2.74 percent to 25,253.14 and the Dow added 1,104.02 points to 52,389.75 as investors bought back last week's heavy losses. Chip names led the rebound: AMD rose 13.3 percent and the Philadelphia semiconductor index nearly 7 percent. Nvidia was the only S&P 500 decliner, falling 4.27 percent to $178.67 after its board opened an investigation into a foreign intelligence approach to chief executive Jensen Huang. The VIX fell 22 percent to 19.92.