Wall Street's main indexes closed higher on Tuesday, as a steep rally in semiconductor shares helped shift the focus away from the latest Middle East hostilities and tariff battles, while investors looked ahead to major technology earnings reports for clues on the future of the AI trade.
Gains in recently battered semiconductor stocks provided huge support for the main U.S. stock indexes and the Philadelphia SE Semiconductor Index rallied sharply in its second consecutive advance after ending Friday more than 20% below its late-June record high.
