Wall Street opens higher, flat, watching U.S. and Iran

Wall Street stocks edged higher Friday morning as investors weighed renewed conflict between the U.S. and Iran alongside a major tech IPO. The Dow Jones Industrial Average rose 0.07% shortly after the opening bell, while the S&P 500 gained 0.14% and the Nasdaq Composite saw a modest 0.02% increase.

Investors are closely tracking developments in the Middle East following the resumption of hostilities. U.S. President Donald Trump declared an end to a ceasefire, with Washington launching attacks on Iran in response to attacks on three merchant ships in the Strait of Hormuz. Iran has retaliated against U.S. bases in Kuwait, Bahrain, and Jordan.

Adding to market activity, South Korean chipmaker SK Hynix began trading on Nasdaq. The company's initial public offering is valued at approximately $28 billion, capitalizing on the booming artificial intelligence sector. Meanwhile, gold prices fell 0.67% to $4,112 per ounce, and silver dropped 0.89% to $60.20 per ounce. Texas Intermediate (WTI) crude oil traded below $72 a barrel.