Stock market up after AI chipmakers rebound and oil dips

Stocks rose on Thursday, bolstered by a jump in semiconductors and a fall in oil prices, as equity markets tried to recover in spite of renewed U.S.-Iran tensions.The Nasdaq Composite gained 1.30% to 26,206.89, while the S&P 500 rose 0.81% to 7,543.64. The Dow Jones Industrial Average added 139.02 points, or 0.27%, to 52,487.41.The VanEck Semiconductor ETF (SMH) climbed 2.5%, led by a 4.5% gain in Micron Technology’s stock. Sandisk’s stock also popped 7.6%.European stocks also bounced back on Thursday as investors monitored renewed tensions in the Middle East, with the pan-European Stoxx 600 index closing up 0.8%.Become a supporter of this podcast: https://www.spreaker.com/podcast/today-s-take--6662936/support.