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Informist, Friday, Jul. 10, 2026                                      Tel +91 (22) 6985-4000

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Equity Alert: US indices close higher Thu, Trump says Iran sought a deal

 

MUMBAI--0702 IST--US indices closed higher Thursday driven by gains in chip stocks led by Micron Technology which said it will invest $250 billion in the US through 2035. The Nasdaq Composite closed up 1.3% while the Dow Jones Industrial Average and the S&P 500 both ended marginally up. Investor sentiment improved after the US President Donald Trump said that Iran had sought a deal. Qatar and Pakistan are trying to bring Washington and Tehran back to negotiations, officials from the countries told MS Now, according to a CNBC rpeort.

 

Applied Materials and Sandisk were up by 3.0% and 7.6%, respectively. Meta Platforms rose as the company plans to manufacture AI chips in September, according to a Reuters report. Pepsico fell 3.3?ter it reported its Q2 earnings, and Costco fell 4.2%.

 

Investors await the US listing of South Korea chipmaker SK Hynix and earnings of Delta Air Lines. SK Hynix is pricing its American Depository Receipts at $149 each, according to Blooomberg. 

 

The S&P 500 is now trading at 20 times expected earnings, down from 21 a month ago. Investors now expect the US Federal Reserve to raise interest rates by 25 basis points by December, according to the CME Fedwatch tool. 

 

Following are the closing levels of major indices in US Thursday:

 

Index	Level	Change in %
Dow Jones Industrial Average	52487.41	0.27
NASDAQ Composite	26206.89	1.30
S&P 500	7543.64	0.81

 

(Deesha Jadhav)

 

US$1 = INR 95.39

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Akul Nishant Akhoury

 

All prices from National Stock Exchange, unless otherwise specified.

All percentage changes for share prices are rounded off to the nearest whole number; percentage changes for index values are rounded off to one decimal place.

All times are Indian Standard Time.

 

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