Mumbai, July 22 -- More gains for makers of computer chips and other winners of the artificial-intelligence boom carried Wall Street higher Tuesday.

The S&P 500 climbed 0.9%. The Dow Jones Industrial Average added 385 points (0.7%) and the Nasdaq composite rose 1.3%.

The gains came despite more climbs for oil prices, and Brent crude oil briefly got near $92 per barrel for the first time in more than five weeks because of continued attacks between the United States and Iran. It later pared its gain to 2% and settled at $91.01. That's up from less than $72 early this month, which is roughly where it was before the war with Iran. Rising oil prices are threatening a re-acceleration of inflation, just as increases for prices were slowing mor...