S&P 500, Nasdaq, Dow edge higher as chip names catch a bid
U.S. stocks climbed Thursday morning as buyers moved back into big tech and chip names. Investors continued to track inflation numbers, Middle East tension, and the Fed’s direction. According to delayed LSEG figures via Reuters, the Dow Jones Industrial Average rose 0.68% to 50,258.33, the Nasdaq Composite added 0.61% to 25,323.80 and the S&P 500 was up 0.51% at 7,304.00. Quotes lag at least 15 minutes. The partial bounce followed a rough session Wednesday. S&P 500 slipped 1.6% to 7,266.99, Dow slid 953.33 points, or 1.9%, to 49,918.78, and Nasdaq shed 2% to 25,169.50, according to AP market data. AP said artificial-intelligence stocks were under new pressure and oil prices climbed after President Donald Trump threatened more attacks on Iran.