Semiconductor rally and progress in US-Iran talks lift major indexes, with AMD leading tech gains after robust earnings.
US stock indexes closed the week higher, driven by optimism over breakthroughs in US-Iran peace negotiations and a surge in semiconductor stocks. AMD’s blockbuster earnings report fueled the rally, reinforcing Wall Street’s bullish momentum.
The gains followed a week of mixed economic data, with investors focusing on geopolitical developments and corporate earnings. Semiconductor stocks outperformed, reflecting strong demand and positive sector outlook.
Markets reacted positively to the dual catalysts, with risk assets broadly higher as tensions eased and tech leadership persisted.