S&P 500, Nasdaq, Dow Rise To Record Highs As Strong Tech Gains Outpower US-Iran War Uncertainty — MSFT, UBER, MRVL, HPE, MSTR Stocks In Focus

• The S&P 500 rose 0.1%, and the Dow Jones gained 0.5%, while the Nasdaq 100 added 0.5%.
• Marvell Technology soared 33% as Nvidia’s Jensen Huang predicted the firm will hit $1 trillion in value 
• Hewlett Packard shares jumped on strong AI sales outlook. 

U.S. benchmark stock indices ended higher on Tuesday, with the S&P 500 gaining for the ninth consecutive session, as a broader rally in tech stocks outweighed uncertainty around the US-Iran war. 

The S&P 500 ended 0.1% higher, the Nasdaq 100 rose 0.5%, and the Dow Jones inched 0.5% higher on Monday, all hitting fresh highs, as per data from Koyfin. The Russell 2000, which tracks stocks with small market capitalization, rose nearly 1%.

Among ETFs tracking benchmark indexes, the SPDR S&P 500 ETF (SPY) and Invesco QQQ Trust (QQQ) ended Thursday around 0.2% and 0.6% higher, respectively. The SPDR Dow Jones Industrial Average ETF Trust (DIA) gained 0.5%. 

The VanEck Semiconductor ETF (SMH) jumped 4.2%. 

Meanwhile, retail sentiment on Stocktwits for SPY, QQQ and DIA was all in the “extremely bullish” territory with “extremely high” message volumes.  

US Market Drivers

The ongoing war in the Middle East continued to behave as an overhang on investor sentiment on Tuesday amid ongoing talks between Lebanon and Israel and Iran yet to comment on U.S. peace deal.

United States Secretary of State Marco Rubio says the US will not remove sanctions on Iran in exchange for a full reopening of the Strait of Hormuz, adding that any sanctions relief is conditioned on Iran giving up enriched uranium.

President Donald Trump denied reports that communications between the United States and Iran had stalled, calling the claims “fake news” in a post on Truth Social on Tuesday.

Trump said discussions between the two countries have continued uninterrupted in recent days, disputing reports that talks had been suspended.

Tech shares drove the S&P 500 and the Nasdaq to record highs witht he S&P 500 rising for the ninth straight session, the longest since May 2025. Marvell Technology (MRVL) soared 33% as Nvidia’s CEO Jensen Huang predicted the firm will hit $1 trillion in value while speaking at an event. Hewlett Packard Enterprise jumped after raising its AI-fueled sales forecast on strong demand for AI servers. 

“Tech continues to dominate the market,” said veteran strategist Louis Navellier in an interview to Bloomberg. “The trend remains positive, with the catalyst for further material gains possible with a resolution with Iran.”  

However, Google parent Alphabet’s stock weighed on indices after the company said it would raise $80 billion by selling equity to fund its AI plans. 

Trending Stocks To Watch 

Microsoft (MSFT): Microsoft Corp. and Nvidia Corp. have announced a sweeping hardware and software partnership to deploy advanced artificial intelligence agents across local Windows devices and cloud infrastructure.    

Uber (UBER): The ride-hailing platform clamped down on its employees' use of advanced artificial intelligence coding tools, introducing strict spending limits after a surge in usage blew through the company’s financial planning.    

Marvell Technologies (MRVL):  Nvidia CEO Jensen Huang endorsed it as the “next trillion-dollar company” at the Computex conference in Taipei, Taiwan, on Tuesday.    

Hewlett Packard  (HPE): Following its beat-and-raise second-quarter results, JPMorgan cheered HPE, saying the company enjoys a "robust demand backdrop" across its product segments, driven by secular tailwinds beyond the pull-forward of demand ahead of price increases 

Strategy (MSTR): The Michael Saylor-backed company announced it had sold 32 Bitcoin (BTC) over the past week, marking its first-ever sale since 2022. 

Read More: Microsoft Build: MSFT Partners With NVDA On AI Hardware Push, Launches New Models And Quantum Chip

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