Economic TimesLean R·
US stocks today: Nasdaq rallies to sharply higher close; chip surge offsets Iran worries
The Nasdaq ended sharply higher on Thursday, as Micron Technology fueled a rally in chip stocks that eclipsed fears that renewed U.S. and Iranian attacks might prolong the Middle East conflict and fuel inflation.Tehran said it hit U.S. military targets in Kuwait, Qatar and Bahrain following U.S. strikes against Iran on Wednesday. The PHLX chip index surged for a second straight positive session.Micron Technology jumped after the companylaid out plans to invest more than $250 billion in the…
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