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US stocks gain on tech and lower oil yields
Wall Street rose today, supported by major technology stocks and a decline in oil prices and Treasury bond yields, following a negative performance last week. The S&P 500 and NASDAQ each gained 1.3% and 2%, respectively, while the Dow Jones Industrial Average increased by 325 points (0.6%). The rise was driven by gains in artificial intelligence company shares, particularly Intel (13%) and AMD (9%). Meanwhile, oil prices fell sharply, with West Texas Intermediate (WTI) crude dropping above $95 and Brent crude exceeding $100, amid escalating tensions in the Middle East. At the same time, U.S. Treasury yields declined, with the 10-year bond yield dropping to 4.959%, as investors cited increased supply risks due to geopolitical conflicts.
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