Chipmakers Propel Stock Market Higher Amidst Geopolitical Tensions

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US equities surged in midmorning trade on Monday driven by robust earnings reports, defying concerns over the Iran conflict’s duration. At 11:19 a.m. in New York, the S&P 500 climbed 0.2%, buoyed by Nvidia Corp’s strong performance in the chip sector. Additionally, Qualcomm Inc. and Micron Technology Inc. shone in the benchmark. The tech-focused Nasdaq 100 saw a 0.1% uptick, while the Dow Jones Industrial Average traded flat after prior declines. Investors’ optimism regarding a ceasefire contributed to the market’s resilience post-US President Donald Trump’s rebuff of Iran’s response. Crude oil prices surged with West Texas Intermediate nearing $100 a…

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