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Wall Street Gains on Semiconductors and Earnings
The U.S. markets experienced an upward trend at the beginning of the session, supported by semiconductor stocks, despite ongoing tensions between the United States and Iran which have led to an escalation in military operations. The U.S. Central Command announced that it carried out airstrikes on Iran for the tenth consecutive night. Additionally, companies reported strong earnings, with over 87% of the firms listed in the S&P 500 exceeding expectations. Investors are also awaiting major technology company results, such as Alphabet and Tesla. The performance of the market was bolstered by semiconductor stocks, with shares of Intel, Marvell Technology, and Micron Technology rising. Meanwhile, oil prices saw fluctuations amid expectations of a temporary ceasefire between Washington and Tehran, following a more than 2% increase in crude futures.
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