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Semiconductor Stocks Lift US Indexes to New Highs
14 Nov
Summary
- S&P 500 and Dow Jones hit new highs
- Semiconductor stocks surge, led by AMD
- Mortgage rates rise, but home buying remains strong
On November 14, 2025, US stock indexes posted strong gains, with the S&P 500 Index ($SPX) and the Dow Jones Industrials Index ($DOWI) reaching new highs. The S&P 500 was up 0.31%, while the Dow Jones Industrials gained 0.77%. However, the Nasdaq 100 Index ($IUXX) declined 0.21%.
The rally was driven by strength in the semiconductor sector, led by a 7% jump in Advanced Micro Devices (AMD) after the company projected accelerating sales growth over the next five years. GlobalFoundries also reported better-than-expected Q3 earnings, rising more than 5%. This strength in semiconductor stocks helped boost the broader market, despite the weakness in the Magnificent Seven technology stocks weighing on the Nasdaq 100.
Investors were also anticipating the end of the US government shutdown, as the House was expected to vote on a continuing resolution (CR) that the Senate had already passed on Monday. If approved, the bill would go to President Trump, who said he would sign it into law.
In the housing market, US MBA mortgage applications rose 0.6% in the week ended November 7, with the purchase mortgage sub-index up 5.8% and the refinancing sub-index down 3.4%. The average 30-year fixed-rate mortgage increased 3 basis points to 6.34% from 6.31% in the prior week.
