India, Aug. 17 -- The Nasdaq Composite edged higher on Monday, August 17, as gains in technology and semiconductor stocks helped offset pressure from rising oil prices and renewed U.S.-Iran tensions. Investors also reassessed the Federal Reserve's interest-rate outlook after softer U.S. economic data reduced expectations for a September rate hike.

The Nasdaq remains closely watched as investors track Nvidia stock, Micron stock, SanDisk stock, AI shares, oil prices, inflation data and Fed rate expectations for the next major direction in the U.S. stock market.

Nasdaq Today: Index Edges Higher

The Nasdaq Composite gained around 0.08% in Monday's broader market trading, according to Reuters, helped by strength in technology stocks. An ear...