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The S&P 500 Index ($SPX) (SPY) Thursday closed up +0.91%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +0.85%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +1.29%. US stock indexes settled moderately higher on Thursday. A +9% surge in Qualcomm led chip stocks higher Thursday and boosted the overall market after it reported stronger-than-expected Q2 EPS and forecast Q3 EPS above consensus. The broader market also had carryover support from Wednesday when Fed Chair Powell said it’s unlikely the Fed’s next move would be to raise interest rates. Stocks are awaiting earnings results …

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