The Nasdaq rallied more than 2% on Tuesday as technology firms bounced back on easing concerns around the Omicron variant, while Intel jumped after plans to take its self-driving car unit public.
Investors cheered the chip giant's decision to list Mobileye in the United States in mid-2022, sending its shares 5.0% higher. The Philadelphia SE Semiconductor index surged 3.5%, bouncing off a near one-month low hit in the previous session.
Ten of 11 major S&P sectors advanced in early trading, with the information technology sector, which houses companies like Visa Inc, Mastercard Inc, Salesforce.com and Apple Inc, gaining 2.5%.
Wall Street's main