Major US stock indices are rebounding after Trump said that the war could be over soon. He also said that he may look to lower sanctions on Russian oil.
He said he is thinking about taking over the Strait of Hormuz and he has someone in mind to replace the Supreme Leader. Pres. Trump will give a news conference at 5:30 PM>
That sent oil prices lower, and US yields lower as well. The 10 year yield which was close to 4.20% at its highest today is trading at 4.105%. Crude oil which reached the near $120 ($119.48 was the high), traded as low as $81.19. The current price is trading at $87, or -4.76% on the day
The gains are led by the Nasdaq index. A look at the final numbers shows:
Dow industrial average +239.19 points or 0.50% at 47740.74S&P index +55.93 points or 0.83% at 6795.95. NASDAQ index +308.27 points or 1.38% at 22695.95.Russell 2000 rose 28.36 points or 1.12% at 2553.66
Some gainers today included:
Ciena Corporation (CIEN) — +8.30%
Western Digital (WDC) — +6.85%
Papa John’s International (PZZA) — +6.55%
Live Nation Entertainment (LYV) — +6.20%
Nebius Group (NBIS) — +6.18%
Moderna (MRNA) — +6.13%
Lam Research (LRCX) — +5.94%
Advanced Micro Devices (AMD) — +5.33%
Micron Technology (MU) — +5.14%
ASML Holding (ASML) — +5.02%
Intel (INTC) — +5.02%
Next Tier Gainers
Corning (GLW) — +4.72%
Broadcom (AVGO) — +4.62%
Strategy (MSTR) — +4.06%
Southwest Airlines (LUV) — +3.56%
Caterpillar (CAT) — +3.54%
First Solar (FSLR) — +3.26%
iShares Global Clean Energy ETF (ICLN) — +3.04%
Observation:
The semiconductor/AI infrastructure space dominates the list (AMD, MU, LRCX, ASML, INTC).
Networking and AI infrastructure names like Ciena and Nebius are also near the top, reflecting strong demand tied to AI data centers and cloud build-outs.
This article was written by Greg Michalowski at investinglive.com.