S&P 500 Eyes Best Quarter in Six Years, Chip Index Soars 81%

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โดย Bloomberg·Read original
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The S&P 500 is on track for its best three-month performance in six years, while the Nasdaq-100 Index is up 25% in a volatile second quarter. The Philadelphia Stock Exchange Semiconductor Index soared 81% — its best quarter ever — but chip stocks just suffered their worst weekly pullback since last April. Companies raised a record $251 billion via Initial Public Offerings so far this year, with JPMorgan Chase expecting another dozen $1 billion-plus deals in the second half. The US Dollar Index hit a 13-month high, driven by expectations for tighter Federal Reserve policy and a slump in the Japanese yen to four-decade lows, which weighed on gold — down about 10% in Q2, its sharpest drop in more than a decade.

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