Investors Pick AI Trade Back Up

Dow Jones02:13

Wartime jitters are subsiding in markets today.

Oil prices are slipping and U.S. stocks are advancing, led by the tech-heavy Nasdaq. Indexes around the world are also mostly higher. Treasury yields are slightly lower.

The moves follow President Trump's comments yesterday that Iran called him seeking a deal, signaling that at least one, if not both, countries would prefer to end the fighting that has broken out this week. The U.S. and Iran exchanged fire again last night, with Washington saying it struck 90 military targets.

With tensions potentially softening, traders are turning some of their attention back to the AI trade ahead of the debut of SK Hynix's U.S.-listed shares tomorrow. The South Korean chip giant is expected to price its offering later today. The PHLX Semiconductor Index is up more than 4% in afternoon trading, led by shares of ARM Holdings, Micron and Marvell.

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