US stock markets rise on AI optimism, chip gains

Wall Street ended Monday higher as tech stocks led the rebound. The Nasdaq gained 0.86% to 25,929 points and the S&P 500 rose 0.30%, while the Dow Jones slipped 0.16% to 50,786 points. Chip manufacturers helped lift the market after a sharp sell‑off on Friday, with the PHLX semiconductor index jumping 5.6% following a double‑digit drop the previous day. Analysts cited renewed enthusiasm for artificial‑intelligence developments as a key driver.

Geopolitical tension eased after Iran and Israel agreed to suspend retaliatory attacks, which softened oil‑price spikes. Brent crude closed up 1.25% at $94.25 per barrel and WTI rose 0.84% to $91.30. European exchanges were mixed, with the FTSE edging up 0.05% and the DAX slipping 0.58%.