Nasdaq 100 rises 2.2% as semiconductors surge 3.4%

The breadth is the story here: a 3.4% semiconductor gain alongside a 3.3% bank index move and a 700-point Dow advance suggests this is a broad risk-on session rather than a single-sector bounce, which makes Nvidia's still-negative 5.6% print the notable outlier. That a mega-cap semiconductor name lagged while equipment and memory names like Applied Materials, Western Digital and Seagate led points to rotation within the chip complex rather than uniform buying. Whether that dispersion persists, and whether small caps (Russell 2000 up only 1.2%) keep trailing the large-cap indices, is the open question.