The S&P 500 Index ($SPX) (SPY) Wednesday closed up +1.58%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +0.24%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +3.01%. US stocks rallied Wednesday, 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 Wednesday fueled a sharp rebound in chip stocks. Nvidia surged more than +12% 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 rose more than +8% …