US STOCKS-Wall St Indexes Advance with Boost From Chips, Iran Optimism
Semiconductor shares lifted the Nasdaq as investors saw a U.S.-Iran peace deal easing inflation pressure, even as the Federal Reserve remained expected to raise rates.
- On Thursday, the Nasdaq Composite index rallied as semiconductor shares surged following a peace agreement between the U.S. and Iran, easing inflation concerns that had weighed on markets.
- Oil prices slid to their lowest levels since early March after the U.S. and Iran signed an interim agreement extending the April ceasefire by another 60 days to allow negotiation of a final deal.
- President Donald Trump announced Apple agreed to work with Intel on U.S. chip manufacturing, while Intel shares jumped to a record high and the Philadelphia semiconductor index rallied sharply.
- Despite the rally, investors remain focused on interest rate hikes, with traders betting on a roughly 50% chance of a 25-basis-point increase as soon as September, according to CME Group's FedWatch tool.
- Thursday also marked 'triple witching', the simultaneous expiry of derivatives contracts that can boost trading volume and aggravate volatility, while first ships started sailing through the Strait of Hormuz amid easing tensions.
15 Articles
15 Articles
US-Iran Peace Deal Sends Markets Surging, AMD, INTC and NVDA Lead Gains
The S&P 500 Index ($SPX) (SPY) closed up +1.08% on Thursday, while the Nasdaq 100 Index ($IUXX) (QQQ) surged +2.48% and the Dow Jones Industrial Average ($DOWI) (DIA) edged up +0.14%. President Trump signed a preliminary deal on Wednesday night to end the US-Iran war, sending crude oil prices to a 3.5-month low and sparking broad risk-on sentiment across asset markets. The agreement formally extends the US-Iran ceasefire for 60 days, allows the …
Star-Herald
Lincoln Journal StarWall Street indexes advance
U.S. stock indexes rallied Thursday, with the Nasdaq's 1.9% advance boosted by gains in semiconductor shares, while inflation fears eased after the U.S. and Iran signed a peace deal, though investors still priced in interest rate hikes this year from…
US stocks: US market's indexes advance with boost from chips, Iran optimism
U.S. stock indexes rose Thursday, led by semiconductor shares and easing inflation fears, despite anticipated Federal Reserve interest rate hikes. Intel surged to a record high after President Trump announced a deal for U.S.-based chip design and manufacturing. Oil prices slid as the U.S. and Iran extended an interim agreement, allowing for continued passage through the Strait of Hormuz.
After weeks of tension in the Middle East, the United States and Iran announced an agreement that foresees the end of hostilities. Markets received the news with optimism and oil reacted downward. But does this mean that fuels will get cheaper? The analysis of this topic was made by the journalist of the Economy section of Expresso Bárbara Silva. Listen to the new episode of Economy day by day, daily podcast of the Expresso led by Juliana Simões
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