By Pete Schroeder
WASHINGTON, July 9 (Reuters) - Wall Street surged on Thursday while oil prices retreated, as investors rekindled their enthusiasm for technology shares, shaking off worries about renewed military action in the Middle East.
All three major U.S. indices ended the day higher, with the Dow Jones Industrial Average climbing 0.27%, the S&P 500 rising 0.81% and the Nasdaq Composite jumping 1.3%.
The MSCI gauge of stocks across the globe was up 0.72%.
Stocks rose despite renewed conflict in the Middle East, with the U.S. and Iran both announcing military strikes in the Gulf as their tenuous interim peace deal frayed. Oil prices, which jumped when U.S. strikes were announced on Wednesday, retreated on Thursday even though shipping activity through the critical Strait of Hormuz has once again ebbed.
WASHINGTON, July 9 (Reuters) - Wall Street surged on Thursday while oil prices retreated, as investors rekindled their enthusiasm for technology shares, shaking off worries about renewed military action in the Middle East.
All three major U.S. indices ended the day higher, with the Dow Jones Industrial Average climbing 0.27%, the S&P 500 rising 0.81% and the Nasdaq Composite jumping 1.3%.
The MSCI gauge of stocks across the globe was up 0.72%.
Stocks rose despite renewed conflict in the Middle East, with the U.S. and Iran both announcing military strikes in the Gulf as their tenuous interim peace deal frayed. Oil prices, which jumped when U.S. strikes were announced on Wednesday, retreated on Thursday even though shipping activity through the critical Strait of Hormuz has once again ebbed.
3 months ago
