Stocks rose on Tuesday, boosted by sharp gains in chips, as Wall Street set out to wrap up a strong first half and second quarter.
The Dow Jones Industrial Average traded up 136 points, or 0.3%. The S&P 500 and Nasdaq Composite were up 0.7% and 1.3%, respectively.
The moves higher were supported by a rise in chip stocks. Shares of Nvidia gained more than 1%, while Advanced Micro Devices added 7%, as did Intel. The VanEck Semiconductor ETF (SMH) climbed 3%, putting its year-to-date gain at more than 81%.
Tuesday marks the final day of the first half and the second quarter. The Dow has climbed more than 8% in the first six months of the year, putting it on pace for its best first-half performance since 2021, when it jumped 12.7%. The S&P 500 is also up more than 8% in the first half, while the Nasdaq has outperformed with a more than 11% advance.
