Semiconductor stocks were among the gainers on Wednesday after Analog Devices Inc. reported income and revenue that exceeded Wall Street’s forecasts. The company said it expects revenue growth of 21 percent in its first fiscal quarter. Sales rose 20 percent in its fiscal fourth quarter, ended Nov. 1, compared with a year earlier. The company’s adjusted gross margin, a measure of profitability, was also wider than analysts had predicted. The stock jumped 5.5 percent, leading gains for semiconductor stocks listed on the S&P 500 index.
US stock indexes hold near record; Deere slumps
