The S&P 500 advanced 1.79% to 7,736.52, while the Nasdaq Composite gained 2.59% and finished at a record 26,584.99. Of the 304 companies in the S&P 500 that had reported second-quarter results, 85.2% exceeded analysts’ earnings expectations. The Philadelphia Semiconductor Index rose 6.6%, extending its winning streak to four consecutive sessions and recovering part of its 20.6% decline in July. European equities also moved higher as technology stocks and stronger-than-expected corporate results supported investor sentiment. The MSCI All Country World Index rose 1.30% and reached a new intraday high, reflecting broad strength across global equity markets.