Overview
- U.S. stocks, which surged Tuesday, closed with the S&P 500 and Nasdaq at new highs as the Dow added 356 points.
- Oil slid about 4% after U.S. officials said the cease-fire with Iran remains intact, leaving WTI near $102 and Brent around $110.
- Semiconductor shares led the move, with the Philadelphia Semiconductor Index up 4.23% to a record close.
- Investors looked to AMD’s results after the bell, and Intel jumped 13% on a Bloomberg report that Apple may use its chip manufacturing.
- Gains spread to Mexico’s market, where the S&P/BMV IPC rose 1.94% for its strongest session in nearly a month.