Bloomberg5:01 PM

US Stocks Near Record High as Chip Stocks Roar, Payrolls Beat

US Stocks Near Record High as Chip Stocks Roar, Payrolls Beat

US stocks were on track for a record closing high, buoyed by semiconductor stocks, strong monthly payrolls figures and a US-Iran ceasefire that appeared intact even with overnight clashes near the Strait of Hormuz.

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