Stocks climb, oil slides as tech hopes outlast Middle East worries

U.S. stocks jumped (Nasdaq +1.3%, S&P +0.8%, Dow +0.27%) as investors shrugged off renewed Middle East fighting.
Oil fell—U.S. crude down ~2.3% to $71.83 and Brent down ~2.5%—even though regional tensions and Strait of Hormuz shipping hiccups flared.
Tech optimism drove the rally: reports China may grant limited access to Nvidia H200 chips and SK Hynix’s $28B U.S. share sale was hugely oversubscribed.