India, July 9 -- The S&P 500 traded higher on Thursday as gains in technology and semiconductor stocks outweighed weakness in consumer staples and energy shares. Investor optimism surrounding artificial intelligence (AI) investments continued to boost chipmakers, while strong corporate earnings expectations also supported market sentiment. Despite ongoing geopolitical uncertainties, Wall Street remained resilient as investors focused on growth-oriented sectors.

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The S&P 500 posted modest gains, led by strong performances from technology and semiconductor companies.

Oracle (ORCL) climbed more than 5%, while Applied Materials (AMAT) and Lam Research (LRCX) rallied sharply amid continued optimism over AI-dr...