US stocks today: Nasdaq rallies to sharply higher close; chip surge offsets Iran worries

July 9, 2026

US markets closed higher led by chip stocks, with Micron boosting sentiment through a massive investment plan tied to AI demand. Gains came despite rising US-Iran tensions. Stable jobless claims signaled labor resilience, while Fed rate hike expectations linger. Investors now shift focus to upcoming earnings season and valuations.

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