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Update: Semiconductors Push US Equity Indexes Higher in Midday Trading; Crude Oil Declines

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(Updates with index/price moves and company/geopolitical news from the first paragraph.)

US equity indexes rose amid semiconductor-led gains in technology and a decline in crude oil after midday Tuesday.

The Nasdaq Composite jumped 1.2% to 26,135.1, with the S&P 500 up 0.7% to 7,489.7, and the Dow Jones Industrial Average higher by 0.3% to 52,348.4.

Technology was the standout gainer, followed by industrials.

Of the top 20 stocks with a market capitalization of more than $200 billion, 17 were from the tech sector, according to data compiled by Finviz. Within those tech names, the majority were either semiconductors or semiconductor equipment and materials. The top gainer was Advanced Micro Devices (AMD), trading up 7.1%.

In geopolitical news, US envoy for the Middle East Steve Witkoff and President Donald Trump's son-in-law Jared Kushner are in Doha to meet Qatari mediators, CNN reported Tuesday, citing Qatar's Foreign Ministry spokesperson. The US duo will not meet with Iranian officials, the news report added.

The mediators are working as go-betweens for US-Iran talks, which won't include any high-level officials, Qatar's Foreign Ministry spokesman Majed al-Ansari said, according to an Associated Press report.

The front-month global benchmark North Sea Brent slipped 0.2% to $73.01 per barrel, and the US West Texas Intermediate fell 1.1% to $70.00 per barrel.

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US equity indexes were higher on Monday after the US and Iran paused hostilities, followed by gains in technology, communication services, and consumer discretionary stocks.* The United States and Iran on Monday separately announced they will send delegations to Qatar this week, though Tehran insisted it has not agreed to meet with the US "at any level" after attacks across the Persian Gulf over the weekend challenged negotiations to end the war, the Associated Press reported.* The Dallas Fed's monthly manufacturing index fell to 0.0 in June from 0.4 in May, missing expectations for an increase to 1.0.* August West Texas Intermediate crude oil rose $1.24 to settle at $70.47 per barrel, while August Brent crude, the global benchmark, was last seen up $0.87 at $72.86.* Astera Labs (ALAB) shares were up roughly 16%, the top gainer on the Nasdaq, after UBS adjusted the company's price target to $400 from $205 while maintaining its neutral stock rating.* Copart (CPRT) shares were down nearly 8%, the worst performer on the Nasdaq and among the worst on the S&P 500, after the company said that Jeff Liaw will step down as chief executive officer and director, effective July 31.

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Update: Strong Gains in Communication Services, Consumer Discretionary Lift US Equity Indexes; Crude Oil Heads Higher

(Updates with index/price moves and geopolitical news from the first paragraph.)US equity indexes rose amid standout gains in communication services and consumer discretionary, and as crude oil advanced amid mixed messaging regarding a meeting to be held on Tuesday between Washington and Tehran in Doha, Qatar.The Nasdaq Composite jumped 2% to 25,791.7, the S&P 500 rose 1.1% to 7,436.2, and the Dow Jones Industrial Average rose 0.6% to 52,173.8 ahead of Monday's close.Technology was among the top three gainers intraday. Tesla (TSLA), Alphabet (GOOG, GOOGL), and Amazon.com (AMZN) were among the top 20 gainers in a category with a market capitalization of over $200 billion. The group's leader remains Corning (GLW), trading up 16% in the final leg of trading.In geopolitical news, the United States and Iran on Monday separately announced they will send delegations to Qatar this week, though Tehran insisted it has not agreed to meet with the US "at any level" after attacks across the Persian Gulf over the weekend challenged negotiations to end the war, the Associated Press reported.Iran's foreign minister, Abbas Araghchi, reiterated that "Tehran retains exclusive authority over traffic through the Strait of Hormuz under the preliminary peace agreement, leaving the risk of renewed supply disruptions elevated," Saxo Bank said in a note. Marine traffic through the strait has modestly picked up in the last 36 hours, CNN cited ship tracking data.Fighting between Hezbollah and Israel continued in Lebanon over the weekend despite a recent agreement between the countries, CNN reported Monday. Iran has demanded a full withdrawal of Israeli forces from Lebanon as part of a final deal with the US.The front-month global benchmark North Sea Brent rose 1% to $72.73 per barrel, and the US West Texas Intermediate climbed 1.7% to $70.41 per barrel.

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Update: Communication Services, Consumer Discretionary Help Push US Equity Indexes Higher

(Updates with index/price moves and geopolitical news from the first paragraph.)US equity indexes rose amid standout gains in communication services and consumer discretionary in midday trading on Monday.The Nasdaq Composite jumped 1.4% to 25,646.1, the S&P 500 rose 0.8% to 7,412.5, and the Dow Jones Industrial Average advanced 0.5% to 52,123.5.Technology was among the top three gainers intraday. Materials and real estate led the decliners.In geopolitical news, President Donald Trump said the US will meet with Iran in Doha, Qatar, on Tuesday, after US officials said both sides agreed to "stand down for now" and that negotiations remained on track following strikes over the weekend, CNN reported Monday, adding that Iran has not confirmed that talks will take place.The front-month global benchmark North Sea Brent rose 1.3% to $72.95 per barrel, and the US West Texas Intermediate climbed 1.9% to $70.52 per barrel.Most US Treasury yields rose, with the 10-year up 1.1 basis points to 4.38%. The two-year rate jumped 2.9 basis points to 4.12%.Gold futures slumped 1.6% to $4,032.5, and silver futures dropped 2.5% to $57.73.

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