Heard on the Street Thursday Recap: In the Chips

Weakness in categories like software and internet offset a major gain in chips, leading the tech-heavy Nasdaq Composite to pick up just 0.3% for the day. Wall Street banks flex their strength. The Dow rose 293 points and outperformed the S&P 500 and Nasdaq thanks mostly to a nearly 5% jump by Goldman Sachs—the most expensive stock in the price-weighted index.