Wall Street's benchmark averages advanced on Wednesday (Thursday AEST), staging a partial rebound from a three-day losing streak as investors sought opportunities among stocks and sectors that appeared oversold following recent risk-off moves.
The Dow Jones Industrial Average rose 295 points, or 0.6%, to 53,061.9, while the S&P 500 gained 35.2 points, or 0.5%, to 7,666.6. The Nasdaq Composite added 118.1 points, or 0.5%, to 26,217.8.
The United States and Iran intensified attacks in the largest exchange of airstrikes since July, dashing hopes of a return to the negotiating table and raising concerns that prolonged hostilities could fuel systemic inflation and force central banks to raise borrowing costs.
Major technology stocks advanced, with Nvidia gaining 3.2%, while Micron Technology and Qualcomm rose 2.4% and 2.0%, respectively.
Dell Technologies jumped 15.8% after raising its full-year profit and revenue forecasts.
Brown-Forman, the maker of Jack Daniel's, rose 3.9% after reporting quarterly profit above expectations.
Uber Technologies gained 1.6% after the rideshare company announced plans to cut about 10% of its workforce.
Among economic data, payrolls processor ADP reported fewer-than-expected private-sector job additions in August, while new orders for core capital goods were revised lower, pointing to a potential slowdown in U.S. corporate spending.
On the bond markets, 10-year and two-year Treasury yields fell 0.3% and 0.7%, respectively, to 4.78% and 4.371%.
