US stock markets closed higher on Wednesday, with technology shares leading the advance despite escalating geopolitical risks in the Middle East.
The S&P 500 rose 0.81%, while the Nasdaq Composite jumped 1.30%, driven by a broad rally among chipmakers.
27%. The market’s resilience marks a shift in sentiment following earlier warnings from strategists about potential volatility.
The Dow Jones Industrial Average added a more modest 0.27%.
The market’s resilience marks a shift in sentiment following earlier warnings from strategists about potential volatility.
While military tensions between the United States and Iran have intensified, with reports of US strikes and doubts over the fragility of the ceasefire, equity investors appear to be prioritizing corporate earnings and sector momentum over geopolitical headlines.
The strong performance of the semiconductor sector suggests that demand for technology hardware remains robust enough to absorb external shocks.