Wall Street's Tech Tango: Market Rebounds Amid Middle East Tensions

Wall Street indexes edged up as investors focused on recovering tech stocks and watched Middle Eastern developments closely. Tech indices rebounded, with Intel leading a notable gain. Trump hinted at stringent action against Iran, causing market tremors. The U.S. output prices surged, and Musk's SpaceX debut looms large.

On Thursday, Wall Street's major indices saw a marginal rise as investors hunted for undervalued tech stocks while monitoring developments in the Middle East conflict. Previously battered chipmakers recouped some losses, with Intel making a significant 10% gain.

Meanwhile, Oracle's shares dived after disclosing higher than expected capital outlay projections for fiscal 2027, adding pressure to the software sector. Amidst this, President Trump's stern warning to Iran unsettled markets, causing a slight uptick in oil prices.

Conversely, the Federal Reserve is predicted to keep interest rates unchanged in the upcoming policy meeting, though a modest rate hike later this year remains anticipated, alongside Elon Musk's SpaceX market debut expected to test current stock rally tendencies.