Live Markets: Wall Street rises as tech, chips rally

Intel

Yesterday 14:54

Main US indexes green; Nasdaq out front, up ~0.9%
Tech leads S&P 500 sector gainers; Energy weakest group
Euro STOXX 600 index off ~0.4%
Dollar, gold gain; gold; bitcoin slips; US crude down ~4%
US 10-year Treasury yield dips to ~4.43%
Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com
     
WALL STREET RISES AS TECH, CHIPS RALLY
 Wall Street's main indexes are rallying early on Thursday with technology shares leading gains as optimism about a Middle East peace deal offset worries about a hawkish Federal Reserve under new Chair Kevin Warsh.
Meanwhile, the United States and Iran released the text of an interim agreement their presidents have signed to end the war. It extends the April ceasefire by another 60 days to allow the two sides to reach a final deal.
Intel's INTC.O shares are rising nearly 8% after U.S. President Donald Trump said Apple AAPL.O had agreed to work with the company to design and manufacture its chips in the United States.
A majority of S&P 500 sectors are higher with tech .SPLRCT, up almost 2%, posting the biggest rise. Energy .SPNY, down more than 2.5%, is the weakest group.
Under the surface, chips are especially strong. The PHLX Semiconductor Index .SOX is jumping more than 5%. Small caps .RUT, regional banks .KRX, transports .DJT and gold/silver miners .XAU are also among the outperformers.
Software & services .SPLRCIS are under pressure.
Chips, big banks .SPXBK and S&P 500 Industrials .SPLRCI are on pace for record closes.
And with markets closed Friday for the Juneteenth holiday, the main indexes are all on track for weekly gains.
Here is a snapshot of where markets stood around 9:46 a.m. ET.
(Terence Gabriel)
     *****
     
EARLIER ON LIVE MARKETS:
FROM DROUGHT TO DELUGE: UBS PREDICTS RECORD US EQUITY ISSUANCE CLICK HERE
CRUDE BREAKS DOWN, TESTS SUPPORT AS BEARISH TREND BUILDS CLICK HERE
HALF TIME IN EUROPE, MINERS IN A HOLE CLICK HERE
FED'S VOLATILITY CLICK HERE 
CHINA LEADS RECORD CAR LAUNCHES, TESTING GLOBAL AUTOMAKERS CLICK HERE
STOXX 600 DIPS; BROKER ACTION, DEAL TALK DRIVE MOVERS CLICK HERE
BEFORE THE BELL: EUROPE EYES SOFT OPEN AS FED JITTERS OUTWEIGH U.S. FUTURES BOUNCE CLICK HERE
WARSH DEBUT RAISES RATE-HIKE STAKES CLICK HERE 
     

NYMEXCrudeFutures06182026 https://fingfx.thomsonreuters.com/gfx/buzz/xmpjxojxwpr/image-1781786923414.png
EarlyTrade06182026 https://fingfx.thomsonreuters.com/gfx/buzz/lgpdewxrovo/EarlyTrade06152026.png