US close: Stocks sharply higher as chip stocks rally
At the close, the Dow Jones Industrial Average was up 1.09% at 39,721.36, while the S&P 500 advanced 1.02% to 5,633.91 and the Nasdaq Composite saw out the session 1.18% firmer at 18,647.45. The Dow closed 429.39 points higher on Wednesday, easily …