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<US>Hopes for US-Iran Ceasefire Deal Boost Nasdaq by 167 Pts at Close; NVIDIA, Amazon Up 2%
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The market was hopeful that the US and Iran could reach a ceasefire agreement, leading to a drop in oil prices and a rise in US stocks on Wednesday. The DJIA spiked 305 points or 0.7% to 46,429. The S&P 500 mounted 35 points or 0.5% to 6,591. The Nasdaq added 167 points or 0.8% to 21,929. Iran received a 15-point peace proposal from the US, and the news bolstered tech stocks and elevated the market, the Associated Press reported, citing Istanbul officials. Arm (ARM.US) launched a new AI chip, expected to boost total revenue to USD25 billion, with the stock surging 16%, making it the best-performing constituent in the Nasdaq 100. NVIDIA (NVDA.US) leaped 2%. AMD (AMD.US) and Intel (INTC.US) both soared 7%, ranking as the second and third best-performing constituents in the Nasdaq. Amazon (AMZN.US) acquired humanoid robot developer Fauna Robotics, shoring up its stock by over 2%. However, Micron (MU.US) sagged more than 3% against the market trend, on concerns over its capex and GM. AASTOCKS Financial News Website: www.aastocks.com |
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