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The S&P 500 index rose by 0.2% initially, with the telecom sector increasing by 1.8%, consumer discretionary and materials sectors rising by 0.6%, the technology sector rising by 0.1%, and the energy sector falling by 0.9%. The Nasdaq 100 index rose by 0.5% initially, with Arm Holdings up by 3.3%, Ross Stores up by 3.2%, Google C, Qualcomm, Google A, and Pinduoduo ADR all rising by at least 2.5%. PepsiCo, Starbucks, Palantir, Kraft Heinz, CDW, MercadoLibre, Boehringer Ingelheim, Aston Martin ADR, and Microchip Technologies all fell by up to 2%, while Lululemon Athletica dropped by 2.8%.
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