The five-week US-Iran conflict has briefly de-fused after US President Donald Trump announced a two-week pause on attacks against Iran. Oil prices plunged 16%, sparking a sharp uptick in US bourse Wednesday. The DJIA mushroomed 1,325 points, or 2.9%, to close at 47,909, marking its best single-day performance since April 2025. The S&P 500 climbed 165 points, or 2.5%, to 6,782. The Nasdaq rallied 617 points, or 2.8%, to 22,634.Related NewsMichigan Consumer Sentiment Prel for Apr in the United States is 47.6, lower than the previous value of 53.3. The forecast was 52.Semiconductor manufacturing stocks advanced, with the VanEck Semiconductor ETF (SMH.US) jumping up more than 5%. Intel (INTC.US) soared 11%, making it the best-performing Nasdaq 100 constituent of the day. Broadcom (AVGO.US) shot up 5%, whereas Micron (MU.US) spiked 7.7%.Airlines skyrocketed on the back of ebbing oil prices and the pause in hostilities. Delta Air Lines (DAL.US) delivered 1Q earnings beat, though its full-day gain narrowed to 4%. American Airlines (AAL.US) also pared back earlier gains but still ascended 5%. United Airlines (UAL.US) advanced 8%.Meta (META.US) launched its first AI model, Muse Spark, with plans to introduce a subscription model in the future. Its shares swelled nearly 7%, rendering it the strongest performer among the "Magnificent Seven". Alphabet (GOOG.US) and Amazon (AMZN.US) each mounted 4%. Nvidia (NVDA.US) rose more than 2%. Tesla (TSLA.US) bucked the market uptrend, down 1%.Related NewsInflation Rate MoM for Mar in United States is 0.9%, higher than the previous value of 0.3%. The forecast was 0.9%.Both New York oil futures and Brent oil futures busted below USD100, dragging energy stocks lower. Exxon Mobil (XOM.US) declined 5%, and Chevron (CVX.US) sagged more than 4%.(Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)
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