Wall Street closed higher with the Dow hitting a record, lifted by easing Iran war concerns and gains in healthcare and financial stocks. However, weak results from Broadcom dragged chipmakers, capping Nasdaq gains. Rising jobless claims and AI-driven layoffs added to uncertainty around economic strength and market valuations.

US stocks closed higher as AI-driven tech rally lifted the Nasdaq and S&P 500 to fresh record highs. Nvidia gained after unveiling a new chip bringing AI capabilities to laptops,…

The S&P 500 gained 0.26 per cent, to 7,599.96 while the Nasdaq Composite gained 114.19 points, or 0.42 per cent, to 27,086.81. Read more at straitstimes.com. Read more at…