S&P 500 rose 0.7% to 7,154.83 and Nasdaq gained 1.5% to 24,796.64, both posting intraday record highs.
Intel’s quarterly earnings surged 21.8%, Texas Instruments jumped 19.4%, driving semiconductor sector to longest daily win streak in 32 years.
Optimism over renewed U.S.-Iran peace talks and lower oil prices lifted market sentiment despite ongoing Middle East tensions.
Brent fell 0.9% to $104.74 and WTI 2.6% to $93.34 as ceasefire extensions were announced.