US Stocks Rise on Tech Gains Amid Economic Cooling; President Trump Vows Continued Action Against Iran
US stocks climbed Wednesday, supported by gains in large technology firms and data showing slower-than-expected inflation. The Dow Jones Industrial Average rose 0.2%, while the S&P 500 gained 0.3%. Shares of Alphabet and Apple saw notable increases following reports regarding their AI advancements. In market news, chip equipment maker ASML raised its annual sales forecast amid high demand for artificial intelligence technology. This positive sector news helped offset declines in memory chip stocks. On the economic front, wholesale inflation slowed more quickly than anticipated, signaling cooling economic pressures. Meanwhile, in separate developments, President Trump stated he would continue to intensify actions against Iran until the nation meets certain demands. The reports reflect a mixed day for markets and policy pronouncements.