US Stocks Today: S&P 500, Nasdaq Open Higher as Chip Stocks Gain; US-Iran Tensions in Focus
Chip stocks and the iShares Semiconductor ETF rallied 5.1%, helping the S&P 500 and Nasdaq rise despite renewed U.S.-Iran tensions, traders said.
- On Thursday, the S&P 500 and the Nasdaq Composite edged higher at the open as chip stocks rebounded, with the iShares Semiconductor ETF gaining 5.1 per cent in early trading.
- Renewed U.S.-Iran conflict kept markets volatile after the U.S. military launched new strikes on about 90 targets to keep the Strait of Hormuz open, though President Donald Trump said he did not expect a return to full-fledged war.
- Micron Technology Inc. announced plans to spend more than $250 billion through 2035, while Goldman Sachs Group Inc. reported that client conversations indicate the artificial intelligence investment boom remains intact despite recent volatility.
- Investor appetite for AI-related listings remained robust as SK Hynix Inc.'s U.S. initial public offering was oversubscribed seven times, with the company guiding its U.S. offering price to $149 ahead of Friday trading.
- Labor Department data showed jobless claims fell to 215,000 last week, beating the median estimate of 217,000, while traders price in at least one 25-basis-point rate hike by year-end according to LSEG data.
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Key news items from VOA's "Today's Focus" on July 10, 2026 include: US-Iran conflict reignites; China sends representatives to Khamenei's funeral; US State Department criticizes China's missile test, urging Beijing to increase transparency; Inter-Parliamentary Union visits Kinmen to investigate China's "gray zone operations" in the Taiwan Strait; US lawmakers warn Xi Jinping that a military attack on Taiwan would lead to a global economic catast…
Hopes for a de-escalation of tensions between the US and Iran and a strong rally in semiconductor stocks boosted Wall Street, with major indexes returning to an upward trajectory.
Wall Street Opens With Profits Despite New Tensions Between Iran and the US: How Does IT WORK TODAY?
The FTSE 100 in London registered a decrease of 0.21 percent, in the 10,000 466.46 integers, while the increases were 1.06 percent for the IBEX 35 in Spain.
The three major New York stock indices opened higher on the 9th (local time), driven by strength in semiconductor stocks. As of 9:51 a.m., the Dow Jones 30 Industrial Average on the New York Stock Exchange (NYSE) stood at 52,372.89, up 24.50 points (0.05%) from the previous close. The Standard & Poor's (S&P) 500 index rose 23.35 points (0.31%) from the previous close to 7,506.06, and the Nasdaq Composite Index
(Seoul = Yonhap News) Reporter Yoon Jung-won of Yonhap Infomax = The three major stock indices of the New York stock market started higher as semiconductor stocks showed strength.
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