Iran Conflict Eases Market Concerns Amid Steady Fed Rates

Stocks made significant gains on Thursday as investors shifted their focus to the ongoing conflict in Iran. Despite concerns over the situation, oil prices dipped below $90 due to a decrease in demand amid diplomatic stalemates.

The Federal Reserve's decision to hold interest rates steady next month was seen as a contributing factor to the market's optimism. With reduced predictions for a September rate increase, traders remained cautious but hopeful about the economic outlook.

Technology stocks, particularly those involved in AI infrastructure, saw significant boosts. The semiconductor index rose by 2.5%, while the Nasdaq experienced modest gains due to these developments.