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Wall Street bounces higher as chip stocks gain


By Sruthi Shankar(Reuters) - U.S. stocks advanced on Monday, with gains in shares of chipmakers and technology giants helping Wall Street extend last week's rally that was powered by U.S. jobs data.Gains in Apple, Amazon and chipmakers Broadcom and Micron Technology drove the S&P 500 higher.Broadcom rose 2.9 percent following report that Intel was considering a possible bid for the company. General Electric rose 2.2 percent and was the biggest boost to the Dow. The advances followed a near 2 percent gain for the main indexes on Friday after data showed sluggish wage growth in February, easing ...

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First Published: Mon, March 12 2018. 19:48 IST