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- (Updates prices, adds commentary
- Intel jumps on plans to list self-driving car unit
- Merck slips on pausing enrollment in HIV-1 trials
- Indexes climb: Dow 1.46%, S&P 2.09%, Nasdaq 3.09%
Dec 7 (Reuters) – Wall Street’s main indexes rallied strongly on Tuesday, with the Nasdaq leading gains as investors piled back into technology stocks and semiconductors in particular after Intel (INTC.O) announced plans to take its self-driving car unit public.
The chip giant’s decision to list Mobileye in the United States in mid-2022 sent its shares climbing 3.6%. This helped boost the Philadelphia SE Semiconductor index (.SOX) 4.7%, bouncing off a near one-month low hit in the previous session.
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