Wall Street showed signs of resilience on Thursday as Nasdaq futures advanced, driven by strong gains in semiconductor stocks, even as investors grappled with renewed tensions between the United States and Iran. Futures linked to the Nasdaq 100 rose more than 0.6%, while S&P 500 futures edged higher and Dow futures remained largely unchanged. The rebound highlights investors’ continued confidence in technology and artificial intelligence-related stocks despite growing geopolitical uncertainty.
Chipmakers emerged as the biggest winners in early trading, with the VanEck Semiconductor ETF gaining nearly 2%. Micron led the rally with a sharp rise, while Sandisk also posted solid gains. The renewed interest in semiconductor stocks reflects the market’s belief that demand for AI technology and advanced computing infrastructure will remain strong, helping to offset concerns about global instability.
Markets around the world delivered a mixed performance as investors closely monitored developments in the Middle East. European shares posted modest gains, while Japan’s Nikkei and South Korea’s Kospi closed higher. In contrast, Hong Kong stocks slipped, although mainland Chinese markets recorded a strong advance. The varied reaction underscores how global investors are balancing optimism over economic growth with fears of escalating geopolitical risks.
The latest market jitters were triggered after the United States launched fresh strikes on Iran in response to attacks on commercial shipping routes near the Strait of Hormuz. Although oil prices initially surged on concerns about supply disruptions, crude futures later stabilized after President Donald Trump indicated he had reached out to Iran in an effort to pursue a deal. However, uncertainty remains high following Trump’s recent remarks suggesting negotiations may no longer be a priority and declaring that the ceasefire between Washington and Tehran is effectively over.
Analysts warn that any further escalation could keep energy markets on edge and sustain upward pressure on oil prices. Still, many market experts believe the broader outlook for equities remains positive, supported by strong corporate earnings and the continued expansion of artificial intelligence. While geopolitical tensions may trigger short-term volatility, investors appear confident that technology-driven growth will continue to support stock markets through the remainder of the year.
source: cnbc