Wall Street staged a comeback that saw stocks joining bonds higher after a peace deal between the US and Iran spurred optimism that a revival of the Strait of Hormuz will ease inflation risks.

Major stock indexes climbed on Thursday as semiconductor shares jumped, while Brent oil touched its lowest level in weeks before finishing slightly higher.

U.S. stocks closed higher on Wall Street on Thursday, recovering most losses from Wednesday, with the S&P 500, Dow Jones, and Nasdaq composite all notching weekly gains, influenced by technology sector performance and easing bond yields.

U.S. stocks closed higher on Wall Street Thursday, recovering most losses from Wednesday, driven by gains in technology companies and easing bond yields, alongside a U.S.-Iran agreement.

U.S. stock indexes closed higher on Thursday, with a strong boost from semiconductor shares and easing inflation fears, although investors still priced in interest rate hikes this year from the Federal Reserve.