By 10:01 a.m. ET, the Dow rose 0.51%, the S&P 500 0.67% and the Nasdaq 0.83%, even as Brent stayed above $110 and the Strait of Hormuz remained disrupted.
Intel jumped 9.4% on reported Apple chipmaking talks, while Archer-Daniels-Midland, DuPont and Pinterest gained after upbeat results or forecasts.
Job openings fell to 6.866 million and services activity was 53.6, supporting expectations the Federal Reserve could keep rates higher for longer despite renewed US-Iran tensions.
With Iran's military still potent, are investors ignoring the true risk of a wider Middle East war?
Can surging AI profits truly outweigh the economic threat from a closed Strait of Hormuz?
As peace talks stall, what is President Trump's next move to avoid a full-blown energy crisis?