Standard & Poor’s, Nasdaq rise with a boost from chip stocks and major companies

The Standard & Poor’s 500 and Nasdaq Composite indices opened higher on Thursday, supported by a rise in shares of chip manufacturers and major companies.

According to Reuters, this comes as investors are looking for any evidence of the timing in which the Federal Reserve (the US central bank) will reduce interest rates and for indications of economic prospects, in light of the issuance of more earnings reports.

The Standard & Poor’s 500 index rose 20.89 points, or 0.44%, to 4,760.10 points.

The Nasdaq Composite Index advanced 138.90 points, or 0.93%, to 14,994.52 points.

The Dow Jones Industrial Average fell 109.14 points, or 0.29%, to 37,157.81 points.