US Stock Market Move | Philadelphia Semiconductor Index rose for the 16th consecutive day to set a new record. Micron Technology, Inc. (MU.US) surged over 3.5%.
Philadelphia Semiconductor Index rose more than 1% in intraday trading, rising for the 16th consecutive trading day, setting a record for consecutive gains in history.
On Wednesday, as of the deadline for this article, the Philadelphia Semiconductor Index rose by over 1% during trading, marking the 16th consecutive trading day of gains and setting a record for the longest winning streak in history. Among the index's components, Arm Holdings (ARM.US) surged over 5%, Micron Technology, Inc. (MU.US) rose by over 3.5%, Advanced Micro Devices, Inc. (AMD.US) climbed by over 2%, Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR (TSM.US) increased by over 1.4%, and Marvell Technology, Inc. (MRVL.US) gained over 1.7%.
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Yongda Auto (03669) spent 879,300 Hong Kong dollars to repurchase 800,000 shares on April 23rd.
Due to poor performance leading to a significant drop in stock price, Netflix (NFLX.US) announced a $250 billion buyback plan as a "stabilizing pill."
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