Chip Makers Lead Market Rally as S&P 500 Gains 0.62%
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 02 2026
0mins
Source: NASDAQ.COM
- Market Rally: The S&P 500 index rose by 0.62% today, primarily driven by strength in chip makers and megacap tech stocks, reflecting strong market confidence particularly in the AI infrastructure sector.
- European Market Influence: The robust performance of European stocks, highlighted by the Euro Stoxx 50 reaching a new high, provided support to US equity markets, indicating that improved global market sentiment may continue to influence US stocks.
- Rising Bond Yields: Despite the stock market gains, the 10-year Treasury yield climbed to 4.19%, a 1.5-week high, which could exert pressure on equities, reflecting investor concerns over future inflation.
- Stable Manufacturing Data: The US December S&P manufacturing PMI remained unchanged at 51.8, in line with expectations, indicating stability in manufacturing activity that may influence future monetary policy decisions.
Discover Tomorrow's Bullish Stocks Today
Receive free daily stock recommendations and professional analysis to optimize your portfolio's potential.
Sign up now to unlock expert insights and stay one step ahead of the market trends.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
