Investors Ignore Middle East Stalemate, US Stocks Close Higher

Key News on US-Iran Conflict

Central Message

(Central News Agency, New York, May 11, comprehensive foreign report) Despite the United States rejecting Iran's conditions for ending the Middle East conflict, investors seemed unfazed by the related news. Wall Street stocks today shook off early weakness to close higher, with the S&P, Nasdaq, and Philadelphia Semiconductor indices all setting new closing records.

The Dow Jones Industrial Average rose 95.31 points, or 0.19%, to close at 49704.47 points.

The S&P 500 index edged up 13.91 points, or 0.19%, to close at 7412.84 points.

The Nasdaq index gained 27.05 points, or 0.10%, to close at 26274.13 points.

The Philadelphia Semiconductor Index surged 305.54 points, or 2.59%, to close at 12081.04 points. (Translated by: Chen Yen-Chun) 1150512

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