All 30 SOX components rally, with AMD's stock rising over 5% in active trading
Shares of semiconductor makers enjoyed a broad rally early Monday, fueled by a truce in the U.S.-China trade war, in which President Trump said he would ease up on a ban on business with China-based Huawei Technologies. All 30 of the PHLX Semiconductor Index rose in premarket trading Monday. Among the most active components ahead of the open, shares of Advanced Micro Devices Inc. jumped 5.2%, Micron Technology Inc. rallied 6.5%, Qualcomm Inc. climbed 6.1% and Intel Corp. advanced 2.9%. The biggest gainer was Qorvo Inc.'s stock , which rose 7.6%. The chip sector index (SOX) has gained 2.0% over the past three months, while the S&P 500 has gained 2.6%.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.