Wall Street ends higher as chip stocks rally and Iran deal eases oil fears

U.S. and Iran signed an interim deal extending the April ceasefire by 60 days, and the first commercial ships have begun transiting the Strait of Hormuz, pushing oil to its lowest level since early March. Intel shares hit a record after President Donald Trump said Apple had agreed to work with Intel to design and manufacture its chips in the U.S. The Nasdaq rose 1.87% and semiconductor stocks led gains, while Accenture cut its full-year revenue outlook and Kroger posted weaker-than-expected first-quarter profit. SpaceX shares fell for a second session after their market debut.