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The three major U.S. stock indices all closed higher, with the storage chip sector rising.
People’s Finance & News, April 7 — U.S. stocks closed higher across the board, with the Nasdaq gaining 0.54%, the S&P 500 rising 0.44%, and the Dow climbing 0.36%. The storage chip sector moved higher: Seagate Technology jumped more than 5%, while Western Digital and SanDisk rose more than 3%. Popular Chinese concept stocks saw mixed performance. The Nasdaq China Golden Dragon Index fell 0.21%, iQIYI dropped more than 4%, and XPeng Group fell more than 1%; Bawang Tea Ji rose more than 3%, while Gaotu rose more than 2%.