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Wall St advances as Iran deal optimism offsets hawkish Fed; Intel soars

US stocks rebounded Thursday as optimism over a Middle East peace deal countered concerns about a hawkish Federal Reserve. Semiconductor shares led the market gains. The Dow Jones Industrial Average and S&P 500 both closed higher.

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What changed

Added specific index point gains, the name of the Federal Reserve chair, and a potential Intel-Apple chip deal.

Live updates

  1. Wall Street Rises on Iran Deal Optimism and Semiconductor Gains

    US stocks rebounded Thursday as optimism over a Middle East peace deal countered concerns about a hawkish Federal Reserve. Semiconductor shares led the market gains. The Dow Jones Industrial Average and S&P 500 both closed higher.

    What's confirmed:

    • US stocks rebounded on Thursday.
    • Optimism regarding a Middle East peace deal offset concerns about a hawkish Federal Reserve.
    • Semiconductor shares led the market gains.
    • The Dow Jones Industrial Average rose 357.37 points, or 0.70%.
    • The S&P 500 gained 62.05 points, or 0.84%.

    Still unconfirmed:

    • Kevin Warsh is the new chair of the Federal Reserve.
    • Intel and Apple may reach a chip deal.
    confidence 90%

  2. Wall Street Rallies on US-Iran Peace Deal Progress

    Major US indexes rose as an interim peace deal between the US and Iran took effect. This optimism countered a hawkish outlook from the Federal Reserve. Markets are now monitoring the potential reopening of the Strait of Hormuz.

    Still unconfirmed:

    • The Strait of Hormuz may reopen following the interim US-Iran peace deal.
    • The Federal Reserve is beginning to lean toward a rate hike.
    confidence 70%

  3. Wall Street Rallies on Iran Deal Optimism and Intel Surge

    U.S. stock indexes rose Thursday as optimism over a Middle East peace deal offset concerns regarding a hawkish Federal Reserve. Semiconductor shares led the gains, with Intel seeing significant growth following news of a potential partnership with Apple. Major indexes rebounded after a previous session of losses driven by rate hike fears.

    What's confirmed:

    • U.S. stock indexes rallied on Thursday.
    • Optimism regarding a Middle East peace deal offset worries about a hawkish Federal Reserve.
    • Intel shares rose 8.8% in premarket trading.
    • President Donald Trump stated Apple agreed to work with Intel to design and manufacture chips in the United States.
    • Nvidia shares rose 1.4%, while Micron and Marvell Technology added 5% and 5.9% respectively.
    • The Federal Reserve is under new Chair Kevin Warsh.

    Still unconfirmed:

    • A potential end to the war in Iran might help bring down inflation.
    confidence 95%