Wall Street ends higher led by gains in chip stocks

Wall Street ended higher on Thursday, led by gains in chip stocks. Among the major indices, the Nasdaq Composite surged 1.9 per cent, the S&P 500 advanced 1.1 per cent, and the Dow Jones Industrial Average posted a modest gain of 0.1 per cent. Despite the gains, investor sentiment remained cautious amid expectations of a potential interest rate hike later this year. Looking ahead, Markets in the United States will remain closed tonight in observance of a public holiday.