Late chip rally lifts stocks after Fed holds rates steady


The Dow rose 284.97 points, or 0.70%, to 41,113.97, the S&P 500 gained 24.37 points, or 0.43%, to 5,631.28 and the Nasdaq gained 48.50 points, or 0.27%, to 17,738.16.

NEW YORK: US stocks advanced on Wednesday in choppy trading, buoyed as semiconductor stocks rallied late on a report that regulations on artificial intelligence chips would be loosened.

For most of the session, stocks bounced around, and trading remained choppy after the Federal Reserve kept U.S. interest rates unchanged in a move that market participants expected.

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