The three major New York indexes closed slightly higher on the 10th (local time) despite tensions between the United States and Iran.
The Dow Jones Industrial Average rose 149.60 points, or 0.29%, to close at 52,637.01. The Standard & Poor's (S&P) 500 increased 31.75 points, or 0.42%, to 7,575.39, and the Nasdaq composite added 74.72 points, or 0.29%, to 26,281.61 at the close.
Geopolitical tensions between the United States and Iran heightened, but expectations that back-channel talks between the two countries will continue appeared to drive a relief rally.
Overnight, U.S. President Donald Trump formally declared an end to the cease-fire with Iran, and Iran, saying "no surrender," signaled a hard-line response, keeping the standoff entrenched. However, foreign media reported that the two sides' behind-the-scenes discussions through a mediator nation are expected to continue.
In particular, gains in the indexes were led by SK hynix, which debuted on the Nasdaq through an American depositary receipt (ADR) listing. SK hynix opened at $170 and closed at $168.49. The closing price was about 13% above the $149 offer price.
Nvidia and Meta also surged 4.03% and 5.97%, respectively.
By contrast, Micron, a U.S. memory chip company, fell 1.24% on concerns about funds being dispersed to SK hynix.
Meanwhile, international oil prices edged lower as attention focused on moves by the United States and Iran. Brent crude for September delivery and West Texas Intermediate (WTI) for August delivery settled at $76.01 and $71.41 per barrel, down 0.38% and 0.93% from the previous session, respectively.
The U.S. 10-year Treasury yield traded at 4.57%, up 1 bp (1 bp = 0.01 percentage point) from the day before.