Stocks bounce back; Iran deal, chips boost market despite Fed worries
Stocks in the U.S. ended the holiday-shortened week higher Thursday. An interim U.S.-Iran deal eased some concerns over inflation, and semiconductors rallied. That helped offset renewed worries the Fed could hike rates this year. The Nasdaq Composite added 496.28 points, or 1.91%, to close at 26,517.93. The S&P 500 finished up 80.48 points, or 1.08%, at 7,500.58.