Wall Street Recovers AI Losses as Middle East Tensions Stabilize
Wall Street steadied on Monday, recovering a portion of last week's sell-off as artificial intelligence stocks bounced back. The Nasdaq composite climbed 0.9% and the S&P 500 rose 0.3%, driven by significant gains in chipmakers such as Intel, Micron, and AMD. This recovery follows a period of high volatility, including a brief trading suspension on South Korea's Kospi index after a nearly 9% plunge. Simultaneously, oil prices rose following strikes between Israel and Iran, including an Israeli hit on an Iranian petrochemical plant. However, prices pared their gains after Iran announced an end to military operations. While China is currently helping keep global oil prices below $100, analysts from Societe Generale warn that falling inventories could drive prices higher in the long term.
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China is helping to cushion global oil prices below $100 — but analysts warn it won’t last
But Societe Generale warns global price benchmark Brent may need to climb as global inventories fall and strategic reserves are rebuilt. Tensions in the 100-day conflict reignited after Israel and Iran exchanged strikes Sunday, pushing oil higher.
AI stocks recover some of last week's sell-off, while oil prices come off their overnight highs | AP News
Wall Street is clawing back some of its sell-off from last week. Oil prices, meanwhile, are higher Monday following fighting between Israel and Iran, but they have come off their peaks from overnight.
South Korean President Lee Jae-myung said the stock market was expected to experience volatility but he believed domestic shares were still "slightly undervalued". Overall, the tech-heavy Kospi has seen huge gains in recent months due to a wave of investment in the country's tech companies. Investors are more looking for clear signs that AI ...
Oil price falls back and Wall Street rallies after Iran announces ‘end of military operations’ against Israel – as it happened | Business | The Guardian
Technology stocks are leading the risers on Wall Street, after Friday’s rout. Chip stocks are hot. Intel are leading the S&P 500 risers, up 9.6%, followed by Micron (+8.4%), while AMD have gained 4%. ... Wall Street has opened higher, as the US stock market recovers from its worst day in months. The news ...
Wall Street holds steadier as AI stocks recover some of their sell-off - Los Angeles Times
Wall Street held steadier Monday ... boom bounced back. Oil prices, meanwhile, rose following fighting between Israel and Iran, but they pared their biggest gains. The S&P 500 added 0.3%, coming off a drop of 2.6% from Friday that was its worst since October. The Dow Jones Industrial Average dipped 80 points, or 0.2%, and the Nasdaq composite climbed 0.9%. Some of the best performers were companies that sell computer chips, memory and other products fueling the AI ...
(Bloomberg) -- Oil edged higher after Israel and Iran signaled they would refrain from further escalation after a day of hostilities between the two sides. Most Read from BloombergHouse Republican Says Hegseth’s D-Day Remarks ‘Inappropriate’LA Mayor Race Flips as Socialist Beats Reality ...
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