Wall Street gains on chip strength and oil surge

The U.S. stock indices closed higher, supported by strong gains in semiconductor company shares and indications of a decline in inflation fears, despite expectations that the Federal Reserve will raise interest rates during the year. Meanwhile, the oil market experienced mixed movements after warnings from the U.S. Vice President about the potential escalation of tensions in Lebanon, reigniting concerns over the stability of the ceasefire agreement between the United States and Iran. Brent crude rose by 0.38% to reach $79.85 per barrel, while West Texas Intermediate fell by 0.25% to $76.60.

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