business / news / / CNBC
stocks soared on Wednesday after President Donald Trump announced a two-week ceasefire with Iran.
President Trump announced a two-week ceasefire with Iran, reversing previous threats.
KEY POINTS
- Meta, Amazon, Alphabet, and Nvidia led gains among the Magnificent 7 tech stocks.
- Taiwan Semiconductor Manufacturing Co. surged 7%, while ASML, Applied Materials, and Micron rose 9%.
- Lam Research, Western Digital, and Seagate each climbed 10% following the ceasefire news.
- The U.S. received a proposal from Iran and will continue negotiations during the ceasefire.
COMPANIES
Summarized by Newsio from CNBC. How we summarize →