Yahoo Finance
US stocks rose slightly on Thursday as investors focused on AI prospects ahead of SK Hynix's US trading debut, setting aside jitters over a flare-up in US-Iran hostilities.
The tech-heavy Nasdaq Composite (^IXIC) ticked up by 0.2%.
Meanwhile, the S&P 500 (^GSPC) and Dow Jones Industrial Average (^DJI) both put on 0.1% after Wall Street stocksclosed mixedon Wednesday.
Investors are taking stock after a surge in US-Iran tensions that saw the two sidestrade new attackson Thursday, putting a fragile truce to the test.
The fighting intensified as the US launched airstrikes on90 Iranian targets, and Iran retaliated by striking targets in US-allied Middle East countries.
Oil prices rosemodestly on Thursday morning, extending some of Wednesday's gains as markets factored in the bumpy path to Middle East peace but largely shrugged off the escalation in hostilities.
The focus remains on the AI trade ahead of SK Hynix'shighly anticipated Nasdaq debuton Friday.
The South Korean memory giant isset to priceits US offering on Thursday, withdemand running at seven timesthe amount of shares available.
The IPO comes as investors continue to assess the recent chip stock sell-off that shook confidence in an AI boom.
On the macro front, theweekly updateon initial jobless claims showed little change from the week before, one more data point as investors evaluate the path ahead for interest rates.
Meanwhile, Pepsi's (PEP)results showed American consumers tightenedtheir budgets due to economic worries, even as the drinks maker's revenue topped expectations..
| Product | Price | Change |
|---|---|---|
| Brent Crude | $102.14/bbl | +0.34% |
| WTI Crude | $96.90/bbl | +0.21% |
| EN590 Diesel | $846/MT | +0.18% |
| Jet Fuel A-1 | $1090/MT | +0.55% |
| Mazut M100 | $450/MT | -0.15% |
| Bitumen 60/70 | $470/MT | +0.08% |
| Sulphur Gran 99.5% | $470/MT | -0.44% |
| Urea 46% Gran | $650/MT | +1.12% |
| NPK 16-16-16 | $460/MT | -0.28% |
| Nat Gas TTF | $15.42/MMBtu | +0.92% |
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