Tech stocks rally as Apple-Intel chip talks boost Intel to record high; oil prices ease market fears.

U.S. stocks rose with the S&P 500 nearing a record high after oil prices fell due to eased tensions in the Strait of Hormuz, reducing inflation concerns. Intel surged 14% to an all-time high on reports that Apple is negotiating with Intel and Samsung to shift chip manufacturing to the U.S., signaling a major supply chain change. Despite strong revenue growth, Palantir shares dipped as investors took profits. The market remains sensitive to oil price movements and earnings reports, with the S&P 500 poised to test new highs if momentum continues.