The Nasdaq 100 closed at a record high on Tuesday as stocks, led by the tech sector, rallied after Israel and Iran agreed to a ceasefire. The tech-heavy index rose 1.5% on Tuesday to 22,190, its first record closing high since February 19. The broader S&P 500 advanced 1.1% to finish the day less than…
President Donald Trump appears to still be on edge from the conflict that’s unfolded between Israel and Iran. But US stocks have proven eager to test record highs. Investors welcomed Trump’s announcement on Monday evening that Israel and Iran had agreed to a ceasefire, and then stayed upbeat throughout Tuesday, even as the president fired…
The Israel-Iran conflict is the latest geopolitical event attempting to scare us out of this bull market. There were plenty of headlines heading into the last full trading week of June, including retaliatory measures from Iran that suggested a potential closing of the Strait of Hormuz. Providing the sole passage from the Persian Gulf to…
Intel (INTC 6.28%) stock is soaring Tuesday. The semiconductor company’s share price was up 6.4% as of 3:45 p.m. ET amid the backdrop of a 1.2% rise for the S&P 500 and a 1.5% rise for the Nasdaq Composite. Intel’s valuation is surging today following a recently released market share report on the semiconductor industry….
Most equities extended a global rally Wednesday after Iran and Israel agreed to a ceasefire that ended more than a week of hostilities, while the dollar struggled to recover from a sharp drop stoked by bets on a US interest rate cut. “The market staged a full-throttle risk-on revival, launching global equities into the stratosphere…
Suranjana Tewari Asia Business Correspondent Reporting fromTianjin, China Getty Images Spiralling geopolitical tensions are posing major risks for the global economy Oil prices have hit their lowest in two weeks after Israel agreed to US President Donald Trump’s proposal for a ceasefire with Iran. But business leaders at a key economic meeting in the northern…
The stock market rallied back toward its highest levels on record on Tuesday as oil prices sank in the wake of a cease-fire between Israel and Iran. The S&P 500 rose 1.1% to move within 1% of its Feb. 19 closing high. The Dow Jones Industrial Average rallied 507 points, or 1.2%. The Nasdaq Composite…
President Trump said Tuesday that a ceasefire between Israel and Iran was “in effect,” and it appeared to be holding on Tuesday afternoon after 12 days of deadly conflict between the Middle East’s arch rivals. Earlier in the morning, Mr. Trump voiced frustration with both countries and accused them of violating the agreement he had…
Fire and smoke rise after an Israeli attack on the Shahran oil depot on June 15 in Tehran, Iran. Getty Images hide caption toggle caption Getty Images One country outside the Middle East that’s closely following the war between Israel and Iran, and any possible ceasefire, is China. That’s because China is the largest importer…
SPX daily It was a great day for US equities as they delivered a peace dividend that left the S&P 500 within striking distance of the February highs. SPX +1.1% Nasdaq +1.4% Russell 2000 +1.3% DJIA +1.1% Toronto TSX Comp +0.4% There is a negative post-script though as FedEx reported after the bell and shares…