US close: Chip stocks lift markets amid Trump-Xi summit
The S&P 500 gained 0.8% to 7,501.24, while the Nasdaq jumped 0.9% to 26,635.22. The Dow, meanwhile, rose 0.8% to 50,063.46, coming within a whisker of the 50,188 record closing high reached in early February. Chip stocks in particular were performing …