US stocks struggled for a clear direction in the afternoon session as investors weighed geopolitical tensions, Federal Reserve policy signals, and pressure on semiconductor stocks. The S&P 500 was down 0.1% the Nasdaq fell 0.3%, while the Dow added nearly 100 points, supported by optimism over potential Fed rate cuts as early as July, suggested by Governor Christopher Waller. His remarks offered a contrast to Fed Chair Powell’s earlier stance that the central bank remains in no rush to ease policy, especially with inflation risks tied to President Trump’s tariffs. Meanwhile, chip stocks like Nvidia, Broadcom, and TSMC declined over 1% after reports indicated the US may revoke export waivers, adding fresh concerns for the sector. On the geopolitical front, markets remained tense as Trump delayed a decision on US military involvement in the Iran-Israel conflict, leaving room for diplomatic negotiations. For the week, the S&P 500 rose 0.2%, the Dow gained 0.3%, and the Nasdaq added 0.5%.