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<US> US Reportedly Proposes Ceasefire to Iran; Nasdaq Early Session Surges 1% as Arm's New Chip Soars 16%
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Foreign media reported that the United States has proposed a plan to end the conflict with Iran, leading to a sharp drop in oil prices. Despite Iran's rejection of the ceasefire plan, US stocks surged significantly on Wednesday. The DJIA rose 288 points or 0.6% in early trading, the S&P 500 increased by 40 points or 0.6%, and the Nasdaq climbed 210 points or 1%. Tech stocks bolstered the market, with Arm (ARM.US) launching a new AI chip expected to generate total revenue of USD25 billion, causing the stock to soar 16%, making it the best-performing stock among the Nasdaq 100 components. NVIDIA (NVDA.US) shares rose 2%. AMD (AMD.US) and Intel (INTC.US) each gained 5%. Tesla (TSLA.US) and Amazon (AMZN.US) rose over 2%. Merck (MRK.US) plans to acquire biotech company Terns Pharmaceuticals (TERN.US) for USD6.7 billion, with Merck's shares rising 2%. (me/s) Auto-translated by third-party software This translation was auto-generated by third-party software. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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