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The Economic Times

US stocks today: Nasdaq rallies to sharply higher close; chip surge offsets Iran worries

United States Iran US Federal Reserve Micron Technology

The Nasdaq ended sharply higher on Thursday, as Micron Technology fueled a rally in chip stocks that eclipsed fears that renewed U.S. and Iranian attacks might prolong the Middle East conflict and fuel inflation.

Tehran said it hit U.S. military targets in Kuwait, ‌Qatar and Bahrain following ⁠U.S. ⁠strikes against Iran on Wednesday. The PHLX chip index surged for a second straight positive session.

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