Nasdaq reaches record on tech stocks
The US stock indices rose, with the Nasdaq reaching a new record level supported by a surge in technology stocks, especially SanDisk, which increased by 7% following a positive recommendation. Oil prices declined after U.S. President Trump indicated that meetings with Iran were constructive, leading to a drop in Brent crude futures to around $99 and West Texas Intermediate to $95 per barrel. Both continued to fall amid potential escalating developments between Iran and Saudi Arabia, as Iran proposed reopening the Strait of Hormuz and Saudi Arabia plans to restart the East-West pipeline. This decline in oil prices occurred alongside persistent fluctuations in U.S. Treasury bond yields, with the 10-year bond yield reaching approximately 4.974%. Expectations remain high for further rate hikes by the Federal Reserve, while attention is also focused on the US-China cooperation talks scheduled for this week's summit.
Notice: This Is an AI-Generated Summary
Comments (0)