U.S. equities rose Thursday, led by semiconductor stocks, as investors overlooked escalating U.S.-Iran tensions.
The S&P 500 climbed 0.8% on Thursday, shrugging off geopolitical concerns as semiconductor shares advanced. The Nasdaq Composite added 0.3%, underperforming the broader market amid mixed tech performance.
Prior to the session, futures had pointed to modest gains, with traders focusing on corporate earnings and economic data. The rally in chip stocks followed strong demand signals from key industry players, offsetting broader macroeconomic uncertainties.
After-hours trading saw notable moves in stocks like BIRK, EL, and AMZN, though the session’s gains were broad-based across sectors.