Evening Wrap: US Today

The Dow Jones Industrial Average surged 537 points to 52,747 on strong blue-chip earnings, while the Nasdaq Composite fell 0.2% as a global chip rout sent semiconductor stocks into correction territory.

Chip Rout Goes Global

• The iShares Semiconductor ETF (SOXX) dropped 4.8% on Tuesday, pushing its month-to-date losses to 23%.
• AMD and Micron were among the hardest hit, falling 8.2% and 8.9% respectively.
• The...