Part 3/7:
On the U.S. front, the Dow Jones Industrial Average managed to remain relatively steady, falling only 0.1%. The S&P 500 hovered near its record levels, inching up by just a point — a testament to the resilience of the broader market despite prevailing uncertainties. The NASDAQ, buoyed by strong gains in the technology sector, increased by a third of a percent, with major tech stocks leading the charge.
Technology stocks stood out with some impressive gains, rising between 1.5% to 1.8%. These movements spiked amid reports that potential easing of restrictions on chip sales to China could be on the horizon. Such developments are viewed as positive signals for the semiconductor industry and the tech sector as a whole, given their critical role in the global supply chain.