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The Economic Times

Business

US stocks: US market advances as Iran deal optimism offsets hawkish Fed; Intel soars

Intel Corporation United States Kevin Warsh Iran US Federal Reserve Nasdaq Middle East

U.S. stocks rebounded on Thursday with semiconductor shares leading gains as optimism about a Middle East peace deal offset worries about a hawkish Federal Reserve under new Chair Kevin Warsh.

Intel's shares jumped almost 10% after U.S. President Donald Trump said Apple had agreed to work with the company to design ‌and manufacture its ⁠chips in ⁠the United States.

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One subscription that gives you access to news from hundreds of sites

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