Chip Stocks Lead Nasdaq Rally; Taiwan Semi, ARM, URI In Focus

The Nasdaq outperformed even as bond yields and the U.S. dollar rose again. But breadth was suspect again, with advancers only having a slight edge over decliners on both exchanges. TSMC gapped out of a cup with handle base; ARM is holding support at its 10-week line, while URI is pulling back in orderly fashion. Learn more about your ad choices. Visit megaphone.fm/adchoices