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<US>Nasdaq Ends Up 290 Pts; Amazon, Tesla Pick Up 3%+; Oils Lower
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US stocks elevated on Wednesday, and the surge in oil prices slackened, as the market kept close tabs on the developments in the US-Israel-Iran conflict but the latest US economic data boosted investor sentiment. The Nasdaq showed the strongest rebound among the three major stock indices, opening up 104 points or 0.5%, and closing up 290 points or 1.3% at 22,807. The S&P 500 added 52 points or 0.8%, closing at 6,869. The DJIA opened up 88 points or 0.2% and briefly turned south, but ended the day up 238 points or 0.5%, at 48,739. Techs picked up, with Micron Technology (MU.US) and AMD (AMD.US) swelling more than 5%; Intel (INTC.US) leaping about 6%; Broadcom (AVGO.US) and NVIDIA (NVDA.US) both mounting by over 1%. Amazon (AMZN.US) led the upswing among "Magnificent Seven", up by nearly 4%, while Tesla (TSLA.US) shot up over 3%. The US will implement a series of measures to stabilize oil transportation in the Persian Gulf, and hence oil prices fell for the first time since the Iran conflict on Wednesday, leading to a decline in oil stocks, with Chevron (CVX.US) and ExxonMobil (XOM.US) each dropping over 1%. AASTOCKS Financial News Website: www.aastocks.com |
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