Wall Street gains on Iran deal hopes and Intel rally
U.S. stock indices rose significantly, led by the technology sector and the Nasdaq, amid market optimism about a potential peace agreement in the Middle East and falling energy prices, despite concerns related to Federal Reserve monetary policies. The Dow Jones reached 51,853 points, while the S&P 500 rose to 7,482 points, and the Nasdaq increased to 26,247 points, with shares of companies like Intel and Nvidia also gaining. This comes after a temporary agreement to extend the ceasefire between the United States and Iran, which boosted expectations of lower energy prices and eased inflationary pressures.
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