US equity indices slightly rebounded from one-month lows on Thursday with support from the tech sector, offsetting risks of higher interest rates. The S&P 500, Dow, and Nasdaq rose up to 0.5%. US President Trump stated that the US will resume strikes against Iran tonight and capture the Iranian energy hub of Kharg Island "at some point", reversing de-escalatory remarks yesterday. Simultaneously, a new PPI print pointed to accelerating prices in May, consolidating the impact of the war in price growth and aligning with recent bets that the Fed will raise rates this year. Still, AI infrastructure companies carried their strong momentum as the SpaceX IPO tomorrow underscores how hyperscalers are spending in compute capacity. Nvidia gained 1%. Also, Intel jumped 9% after being upgraded by BofA on soaring CPU orders. On the other hand, Oracle slumped 12% as it will take in more debt to finance data centers despite flat sales. Microsoft, and Meta dropped over 1%.