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A rebound in chipmakers drove Wall Street higher, with equities also gaining as oil declined on expectations of a potential revival in US-Ir

A rebound in chipmakers drove Wall Street higher, with equities also gaining as oil declined on expectations of a potential revival in US-Iran peace talks that had largely unraveled amid escalating hostilities. [08:02 ET] Houthis announces 'sea navigation ban' on Saudi Arabia. [07:30 ET] Senior Iranian Source: Mediators have proposed a 10-day cessation of strikes to find ways to revive the Iran-US interim deal. [USD and Oil Weakeness, S&P 500 Strength]

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A rebound in chipmakers drove Wall Street higher, with equities also gaining as oil declined on expectations of a potential revival in US-Iran peace talks that had largely unraveled amid escalating hostilities. [08:02 ET] Houthis announces 'sea navigation ban' on Saudi Arabia. [07:30 ET] Senior Iranian Source: Mediators have proposed a 10-day cessation of strikes to find ways to revive the Iran-US interim deal. [USD and Oil Weakeness, S&P 500 Strength]