US stocks closed higher on July 10 as investors extended their enthusiasm for artificial intelligence (AI)-related shares, shrugging off renewed tensions in the Middle East.
Reuters reported that The Dow Jones Industrial Average gained 0.29%, while the S&P 500 advanced 0.42% and the Nasdaq Composite added 0.29% at the close.
Investor sentiment remained resilient despite the ongoing US-Iran dispute, with easing oil prices helping to temper inflation concerns.
The US crude prices fell 0.74% to US$71.55 a barrel, while Brent fell to US$75.99per barrel, down 0.41% on the day.
Meanwhile, strong demand for AI-related investments continued to underpin the broader market, keeping Wall Street on an upward trajectory.
