Wall Street rebounds as chipmakers jump on Iran peace deal optimism, Intel surges nearly 10%

Wall Street indices rebounded in early trade, with the Dow Jones rising 0.70 percent, the S&P 500 gaining 0.84 percent, and the Nasdaq Composite up 0.87 percent. The rally was led by chipmakers following optimism around an Iran peace deal, with Intel shares surging nearly 10 percent.