Also, Microchip Technology (MCHP), Marvell Technology (MRVL), Lam Research (LRCX), Applied Materials (AMAT), ON Semiconductor (ON), and Analog Devices (ADI) closed up more than +2%. Chicago Fed President Goolsbee said policymakers were at risk of overshooting on interest rates by putting too much emphasis on the idea that steep job losses are needed to curb inflation. Johnson Controls International Plc (JCI) closed down more than -2% after reporting a cybersecurity incident that caused disruptions in parts of its information technology infrastructure and applications.