Wall Street's main indexes rose on Monday with the Nasdaq at a fresh intraday record high as investors cheered signs of progress in COVID-19 vaccine development and an upbeat start to the second-quarter earnings season by Pepsi.
The Philadelphia SE Semiconductor index .SOX rose 1.9%.
“The market is sniffing out that the worst is behind us and is looking forward to earnings and guidance, which will more than likely beat very low expectations,” Hayes said.
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