{"id":5115,"date":"2026-06-11T15:15:55","date_gmt":"2026-06-11T15:15:55","guid":{"rendered":"https:\/\/tradertideinsights.com\/?p=5115"},"modified":"2026-06-11T15:15:55","modified_gmt":"2026-06-11T15:15:55","slug":"dow-jumps-246-points-as-chip-stocks-rebound-despite-iran-tensions","status":"publish","type":"post","link":"https:\/\/tradertideinsights.com\/?p=5115","title":{"rendered":"Dow jumps 246 points as chip stocks rebound despite Iran tensions"},"content":{"rendered":"
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US stocks opened higher on Thursday as investors returned to beaten-down technology shares following a sharp selloff, though gains were tempered by rising geopolitical tensions in the Middle East and higher oil prices.<\/p>\n

The Dow Jones Industrial Average added 246 points. The S&P 500 rose 0.29%, while the Nasdaq Composite gained 0.28%. <\/p>\n

The rebound came after Wednesday\u2019s steep decline, when major Wall Street indexes fell more than 1% amid another selloff in semiconductor stocks. <\/p>\n

The S&P 500 has now fallen about 4% since reaching a record closing high in early June, while technology stocks have entered correction territory after declining 10% from their recent peak.<\/p>\n

Chip stocks rebound after sharp selloff<\/h2>\n

Semiconductor shares led Thursday\u2019s gains. Nvidia, Intel and Micron Technology advanced between 0.62% and 8%, while the iShares Semiconductor ETF climbed about 3%.<\/p>\n

Intel received an additional boost after Bank of America upgraded the company to Buy from Underperform.<\/a><\/p>\n

The brokerage cited growing demand for central processing units and opportunities tied to the rise of agentic artificial intelligence. <\/p>\n

The sector’s recovery follows a difficult week for chip stocks. <\/p>\n

The semiconductor ETF had already suffered a 10% decline on Friday, prompting some investors to question whether the powerful rally fueled by artificial intelligence demand had run its course.<\/p>\n

Market participants are also looking ahead to the highly anticipated market debut of SpaceX on Friday. <\/p>\n

The company is expected to be valued at roughly $1.75 trillion to $1.8 trillion, making it the largest public debut on record. <\/p>\n

Some traders believe recent weakness in semiconductor shares may partly reflect investors raising cash to participate in the offering.<\/p>\n

Iran tensions push oil higher<\/h2>\n

Despite the rebound in equities, geopolitical concerns continued to weigh on sentiment.<\/p>\n

West Texas Intermediate crude futures rose nearly 1% to around $90 per barrel after President Donald Trump signaled potential military action against Iran.<\/p>\n

Trump said the United States will hit Iran “very hard tonight” and later stated on Truth Social: \u201cAt some point in the not too distant future, we will be taking Kharg Island, and other oil infrastructure points, and assume total control of their Oil and Gas Markets.\u201d<\/p>\n

The comments followed additional US military action in the region. US Central Command said it launched more “self-defense strikes” against Iran late Wednesday at Trump’s direction.<\/p>\n

The escalation caused stock futures to trim some of their earlier gains as investors assessed the potential economic consequences of higher energy prices.<\/p>\n

Economic data and sector rotation remain in focus<\/h2>\n

Investors also digested fresh economic data showing producer prices increased more than expected in May. <\/p>\n

The producer price index rose 1.1%<\/a>, above economists’ expectations of 0.7%, while core inflation, excluding food and energy, came in at 0.4%.<\/p>\n

Separately, new claims for unemployment benefits increased modestly last week.<\/p>\n

The Federal Reserve is widely expected to leave interest rates unchanged at its June 17 policy meeting, although markets continue to price in at least one quarter-point rate increase before year-end.<\/p>\n

Outside the semiconductor sector, Oracle shares fell 12% after the company unveiled plans to raise an additional $20 billion in equity and debt financing to support artificial intelligence infrastructure investments.<\/p>\n

Meanwhile, corporate travel platform Navan surged 11% after raising its full-year revenue and operating income forecasts, citing strong business travel demand and continued growth among enterprise customers.<\/p>\n

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The post Dow jumps 246 points as chip stocks rebound despite Iran tensions<\/a> appeared first on Invezz<\/a><\/p>\n

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US stocks opened higher on Thursday as investors returned to beaten-down technology shares following a sharp selloff, though gains were tempered by rising geopolitical tensions in the Middle East and higher oil prices.The Dow Jones Industrial Average added 246 points. The S&P 500 rose 0.29%, while the Nasdaq Composite gained 0.28%. The rebound came after…<\/p>\n","protected":false},"author":1,"featured_media":5116,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-5115","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stock"],"_links":{"self":[{"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/posts\/5115","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5115"}],"version-history":[{"count":0,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/posts\/5115\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/media\/5116"}],"wp:attachment":[{"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5115"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5115"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5115"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}