The S&P 500 Index ($SPX) (SPY) today is up +1.71%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.44%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +2.89%. US stocks today are moderately higher, with the S&P 500 and Nasdaq 100 posting 1-week highs and the Dow Jones Industrials posting a 1-1/2 week high. A flurry of bullish news today is powering a rebound in chip stocks. Nvidia is up more than +10% after Morgan Stanley named the stock a top US chip stock pick and said the recent selloff in the stock has opened up a good entry point. Also, ASML Holding NV is up more than +7% after Reute…