fintech / news / / The Economic Times
The Dow Jones Industrial Average jumps over 350 points.
US-Iran ceasefire progress has led to sharp declines in oil prices and market optimism.
KEY POINTS
- Micron's HBM chips for AI are sold out for the year, boosting semiconductor stocks.
- Intel and Apple are in early talks to manufacture processors in the US, signaling possible chip reshoring.
- About 78% of S&P 500 companies reporting have beaten analyst expectations, well above historical averages.
- Markets are pricing in a Fed rate cut if energy costs normalize as the Strait of Hormuz reopens.
COMPANIES
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