US STOCKS - Wall Street Resumes Rally, Led by Nasdaq as Chipmakers Soar

Reporter: Hasbi Maulana | Editor: Hasbi Maulana

KONTAN.CO.ID -  NEW YORK, March 24 (Reuters) - Major U.S. stock indexes rallied more than 1% on Thursday, extending the market's recent rebound, as investors snapped up beaten-down shares of chipmakers and big growth names and as oil prices dropped.

Nvidia Corp's stock NVDA.Ogained 9.8%, leading a rally across the chip sector and hitting its highest level since mid-January. Intel Corp INTC.Oclimbed 6.9%, and both stocks helped to boost the S&P 500 and the Nasdaq.