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Signs of economic strength alongside easing price pressures lifted most stocks in the US, with Federal Reserve Chair Kevin Warsh saying inflation risks have come down. Economically sensitive corners of Wall Street outperformed after data showed manufacturing activity expanded for a sixth straight month as a war-driven surge in input costs cooled. While the majority of firmsin the S&P 500 rose, a slide in chipmakers weighed on the index. Treasury two-year yields edged lower. Oil sank as the US said indirect talks with Iran were positive. Equities fell as a selloff in chip stocks spread to South Korea, reviving concerns the blistering rally in artificial intelligence shares this year may have gone too far, too fast. Brent slipped to the lowest since before the start of the Middle East war.