US equity indexes closed higher Thursday after technology stocks saw big gains and the US continued to attack targets in Iran to fully reopen the Strait of Hormuz.
* US Central Command overnight hit 90 Iranian military targets, according to its social media post on X, after striking 80 on the previous night following Iran's attacks on three commercial ships transiting the Strait of Hormuz
* US initial jobless claims fell sequentially to 215,000 in the week ended July 4 from an upwardly revised 217,000, compared with expectations for 217,000 in a Bloomberg-compiled survey. The four-week moving average declined by 3,750 to 218,750.
* August West Texas Intermediate crude oil fell $1.65 to settle at $71.87 per barrel, while September Brent crude, the global benchmark, was last seen down $1.93 at $76.09.
* Sandisk (SNDK) shares were up 7.6%, among the top gainers on the S&P 500 and Nasdaq, after Wedbush raised its price target for the company's shares to $2,000 from $1,200 while keeping its outperform rating.
* Paramount's (PSKY) $110 billion acquisition of Warner Bros. Discovery (WBD) could face lawsuits from US states to block the deal as soon as next week, Reuters reported, citing two sources familiar with the matter. Shares of Paramount dropped about 4.3%, the second-worst performer on the S&P 500.
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