U.S. stocks rebound as chip sector leads Nasdaq higher

U.S. markets rebounded following the Federal Reserve's rate hike, with the Nasdaq rising 1.69% as semiconductor and AI hardware stocks led the recovery. Oil prices retreated below $102 per barrel, and 10-year Treasury yields fell below 5%. The SEC's new five-year exemption for tokenized stock trading also provided a boost to crypto-related stocks, including Coinbase, Circle, and Robinhood.