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<US> Awaiting US-Iran Ceasefire; Nasdaq Leads Early Gains by 120 pts as Memory Stocks Rally
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Market expectations that tensions between the US and Iran may ease, coupled with a pullback in oil prices, improved investment sentiment, supporting US equities to trade steadily on Monday. The Nasdaq led gains, rising 120 points or 0.6% in early trading. The S&P 500 climbed 0.5%, while the DJIA edged up only 10 points. Reports indicated that the US, Iran and regional mediators are discussing a 45-day ceasefire proposal and the possible reopening of the Strait of Hormuz. However, the likelihood of reaching an agreement in the near term remains low. US President Donald Trump is scheduled to hold a press conference in the afternoon Eastern Time. Memory stocks posted more notable gains. Seagate Technology (STX.US) surged 9%, while Western Digital (WDC.US) and Micron (MU.US) rose about 5%. Shares of Soleno Therapeutics (SLNO.US) soared more than 32% following market reports that Neurocrine Biosciences (NBIX.US) plans to acquire the biopharmaceutical company at USD53 per share in cash. (me/t) This article was automatically translated by AI, the Chinese version should be considered the authoritative version. 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. Auto-translated by AI AASTOCKS Financial News |
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