8 June 2001, 10:25  US stocks higher; chip stocks soar despite warnings

New York, June 7 (BridgeNews) - The Nasdaq advanced, led by a 7% jump in semiconductor stocks as investors shrugged off profit warnings from Broadcom (BRCM) and National Semiconductor (NSM). The broader market also ended higher, although gains were more subdued due to weakness in tobacco and financial issues. The Nasdaq closed up 46.20, or 2.08%, to 2263.93. The Dow was up 20.43, or 0.18%, to 11,090.67 and the S&P 500 was up 6.92, or 0.54%, to 1276.95.

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