Wall Street's main indexes advanced on Thursday, as rising chipmakers helped outweigh geopolitical anxiety over renewed attacks that could prolong the U.S.-Iran conflict, while Meta Platforms fell after Reuters reported its AI chip production plans.
The U.S. military said on Wednesday it launched new strikes on Iran to keep the Strait of Hormuz open to shipping. Iran responded with attacks on U.S. assets in Kuwait and Bahrain, deepening a confrontation amid fragile ceasefire efforts.
