S&P, Nasdaq Reach Record Highs on Tech

S&P 500 closed at 7,164.73, up 0.8%, while Nasdaq rose 1.6% to 24,836.60, setting record closes.
Intel surged 23.6% after strong quarterly earnings, and Texas Instruments jumped 19.4%, driving the tech sector rally.
Ongoing U.S.-Iran ceasefire talks and a naval blockade in the Strait of Hormuz tempered sentiment but Brent fell to $106.15.
DOJ closed its probe into the Federal Reserve renovation, while Kevin Warsh’s Fed chief nomination proceeds under Trump.