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US stocks steady after AI boost
U.S. stock indices stabilized after a rally led by AI company stocks, with the S&P 500 and Nasdaq rising by 0.1%, and the Dow Jones gaining 185 points. This movement came following reports that Iran might reopen the Strait of Hormuz within seven days, which led to a drop in oil prices—Brent contracts fell by 1% to $98.92, and US WTI contracts decreased by 2% to $93.50. Meanwhile, Wall Street indices experienced strong positive fluctuations yesterday, with the S&P 500 up by 1.5%, Nasdaq by 2.3%, and the Dow Jones by 0.7%. Markets are awaiting a summit between the U.S. president and Xi Jinping to discuss artificial intelligence and the Iran crisis, amid preparations for the Federal Reserve's manufacturing survey release and monitoring statements from bank officials.
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