Oil prices slipped below $72 per barrel despite ongoing geopolitical uncertainty.
NEW YORK — Wall Street opened slightly higher Friday as investors closely watched renewed hostilities between the United States and Iran while also focusing on a major semiconductor market debut.
At the opening bell, the Dow Jones Industrial Average gained 0.07% to 52,525, while the S&P 500 rose 0.14% to 7,554. The Nasdaq Composite edged up 0.02% to 26,211.
Markets remained focused on escalating tensions in the Middle East after President Donald Trump declared the ceasefire with Iran over, prompting a new wave of military exchanges between the two countries.
According to reports, the United States has continued strikes against strategic Iranian targets following attacks on commercial vessels in the Strait of Hormuz, while Iran has responded by targeting U.S. bases in Kuwait, Bahrain and Jordan.
Investors also turned their attention to the Nasdaq debut of South Korean chipmaker SK Hynix, whose public offering is valued at approximately $28 billion, reflecting continued momentum in the artificial intelligence and semiconductor industries.
In commodities trading, West Texas Intermediate (WTI) crude oil slipped below $72 per barrel, while gold and silver prices also moved lowe
