(New York, NY) — Wall Street is closing higher as chip stocks surge. AI-related stocks led the gains with shares of Broadcom, Micron and AMD advancing three percent or more. Investors also monitored a pullback in oil prices as the Federal Reserve began its two-day policy meeting. At the closing bell, the Dow Jones Industrial Average gained nearly 16 points to 52-377. The S&P 500 rose 45 points to 77-22. The Nasdaq climbed 308 points to 26-477.
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