Philadelphia Semiconductor Index Surges 4.5% at Open
On July 21, the Philadelphia Semiconductor Index opened up 4.50%. Among its constituent stocks, NVIDIA rose 2.32%, TSMC rose 3.49%, Broadcom rose 2.65%, Micron Technology rose 7.26%, AMD rose 4.78%, and ASML rose 3.2%.
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A survey by the New York Federal Reserve shows that service sector input costs and prices in October rose sharply, while the business activity index fell to its lowest level since March. Businesses have turned pessimistic about the outlook, with increasing inflation and interest rate pressures.

