Nasdaq closes at a record as chip stocks lift Wall Street.

The Nasdaq Composite rose 1.05% to close at 27,477.31, while the S&P 500 gained 0.66% and the Dow added 0.18%. Reuters reported that Nvidia advanced 2.1%, taking its market value to about $5.76 trillion, as technology and semiconductor shares led the session.

Lower oil prices and softer expectations for an imminent interest-rate increase also supported risk appetite. Analysts cited by Reuters expected S&P 500 earnings to grow about 30%, keeping corporate results central to whether the rally can hold.