On the 24th (local time), New York stocks ended mixed as selling persisted, led by semiconductor shares.
On the New York Stock Exchange (NYSE), the Dow Jones Industrial Average finished at 51,947.25, up 235.60 points (0.46%) from the previous session.
The Standard & Poor's (S&P) 500 rose 3.68 points (0.05%) to 7,411.98. The tech-heavy Nasdaq composite fell 161.87 points (0.64%) to close at 24,975.82.
The easing of the surge in international oil prices supported the market. News that Pakistan, backed by China, had moved to mediate negotiations between the United States and Iran helped somewhat ease geopolitical tensions in the Middle East.
Brent crude futures for September delivery, which had topped $100 a barrel the day before, ended down 3.88% at $89.31 a barrel. September delivery West Texas Intermediate (WTI) futures also fell 3.12% to $89.31 a barrel.
However, investor sentiment did not fully recover on reports that U.S. President Donald Trump was conducting a final review on whether to carry out a large-scale strike on Iran.
The Trump administration's push to impose so-called "forced labor tariffs" under Section 301 of the Trade Act on 60 countries also capped gains in the indexes.
By stock, semiconductor shares were notably weak. Intel beat market expectations with its second-quarter results, but concerns grew over securing new customers for its foundry business, sending the stock down 7.9%.
Broadcom fell 2.7%, AMD 3.3%, and Micron 7.0%. The Philadelphia semiconductor index dropped 4.3%, and SK hynix American depositary receipts (ADR) fell 8.8%.
The market's concern over whether investment in artificial intelligence (AI)–related equipment can translate into actual revenue growth appears to have weighed on semiconductor stocks.
Apple, by contrast, rose 3.5%, leading the Dow higher.
For the week, the Nasdaq fell 2.1%, extending losses for a second straight week. The S&P 500 and the Dow also fell 0.6% and 0.4%, respectively.
Investors are watching next week's earnings reports from major tech companies including Microsoft (MS), Meta, and Apple, as well as the Federal Open Market Committee (FOMC) meeting of the Federal Reserve (Fed).