"After the hawkish pause of the Fed earlier in the month, one would have expected market exuberance to stall, but that doesn’t seem to be the case"

(Bloomberg) -- US stocks edged higher as dip buyers stepped in after a tumultuous week for chipmakers. Oil prices tumbled with more ships crossing through the Strait of Hormuz.

The Dow, S&P 500, and Nasdaq surrendered morning gains in late trading as semiconductor weakness and AI cost concerns dragged markets lower.