Advertisment
Stocks rose on Thursday, bolstered by a jump in semiconductors and a fall in oil prices, as equity markets tried to recover in spite of renewed U.S.-Iran tensions.
The Dow Jones Industrials gained 138.99 points to 52,487.38.
The S&P 500 moved higher 60.84 points to 7,543.54.
The NASDAQ Composite went skyward 336.24 points, or 1.3%, to 26,206.89, led by a 7% gain in Micron Technology. Sandisk also popped
12%.
Prices for the 10-year Treasury backtracked, raising yields to 4.55% from Wednesday’s 4.57%. Treasury prices and yields move in opposite directions.
Oil prices lost $1.64 to $71.88 U.S. a barrel.
Gold prices brightened $50.00 to $4,139.90 U.S. an ounce.
