US shares rose on Wednesday as a recovery in growth stocks and strong results from Delta Air Lines offset declines in JPMorgan after the bank reported a slump in quarterly profit.
Megacaps Apple Inc and Meta Platforms Inc rose 0.6% each, while Nvidia Corp and Advanced Micro Devices Inc rose 2.4% and 2.3%, respectively, after chipmakers' shares got battered this week.
The Philadelphia semiconductor index dropped nearly 21.8% and the tech-heavy Nasdaq lost 14% so far this year as market-leading growth and technology stocks came under pressure on signals from the U.S. Federal Reserve that it will hike rates aggressively to control
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