Stocks rise on Wall Street, erasing much of their loss from a day earlier - AOL

Stocks rose on Wall Street Thursday, erasing much of yesterday's losses and leaving the market on track for weekly gains. The S&P 500 advanced 1.1%, the Dow gained 182 points (0.4%), and the Nasdaq climbed 1.7%. Tech shares led the gain, as Intel jumped 10.6% after reports it will manufacture chips for Apple in the United States, while Nvidia rose 2.7% and Micron Technology 8.8%. SpaceX fell 6.5% after its debut last week, underscoring the mixed performance among high-profile IPOs. Bond yields pulled back and oil prices fell, easing pressure on stocks as investors weigh a potential Federal Reserve rate increase later this year. The energy complex weakened with crude slipping, while the national average gasoline price dipped below $4 a gallon but remained about 25% higher year over year. Airlines advanced, with American Airlines up 3.6%, United up 2.5%, and Carnival up 4%, reflecting resilience in travel shares as fuel costs cooled. Geopolitical developments around Iran and Hormuz were monitored, adding a layer of uncertainty for shipping and inflation trajectories.