The Economic Times

Why US markets are up: S&P 500, Nasdaq edge higher as broad gains offset tech sell-off; Middle East peace hopes in focus

US stocks saw mixed trading as the S&P 500 and Nasdaq reversed early losses. Technology shares faced pressure after disappointing investor reactions to company forecasts. Energy and consumer staples sectors led gains, offsetting the tech sell-off. Investors awaited news on a potential Middle East peace deal. Jobless claims rose slightly ahead of key employment data.