November 10, U.S. stocks closed decisively higher as investors piled into big-ticket technology names and growth shares. The Dow Jones Industrial Average rose 2.15%, adding 1,104 points to finish near 52,390. The S&P 500 gained 2.35% to 7,549.94, while the tech-heavy Nasdaq Composite jumped 2.74% to 25,253.14. A wave of demand for semiconductor and megacap technology shares underpinned the rally, helping Wall Street notch its strongest one-day advance in more than a month.

Semiconductor names led the charge. Direxion Daily Semiconductors Bull 3× (SOXL) surged 22.25%, mirroring the powerful rebound in chipmakers. Advanced Micro Devices climbed 13.26% after investors embraced its latest AI processors, while Lumentum added 10.69% on upbeat demand signals. Power-management specialist Vertiv advanced 9.63%, trailed by Marvell Technology, up 9.49%, and Broadcom, which rose 8.78%. SanDisk gained 6.16% and Tesla rode the risk-on mood to rise 5.54%. Meta Platforms firmed 5.12%. One notable outlier was Nvidia, which saw profit-taking push its shares down, registering a fall of 4.27%.

Chip supply-chain ADRs also rallied, though pockets of weakness lingered. Taiwan’s ASE Technology jumped 8.63%, United Microelectronics rose 7.51%, and Silicon Motion added 5.68%, while heavyweight Taiwan Semiconductor Manufacturing advanced 3.51%. On the downside, NaaS Technology fell 16.92% and Lufax tumbled 15.63%, extending recent volatility among U.S.-listed Chinese fintech groups.