Wall Street Rallies as US-Iran Tensions Ease
Tech and AI shares led the rally as the Dow hit a record and Alphabet shares rose 5% after joining the index.
- Overnight, the Dow Jones Industrial Average reached a record high of 52,183 points, rising over 358 points after Alphabet joined the index, replacing Verizon.
- The admission of Alphabet to the Dow triggered automatic buying by ETFs tracking the index, boosting demand for the tech giant's shares and driving the rally.
- Wall Street rebounded sharply as investors returned to technology stocks, with the Nasdaq Composite climbing over 1% and the S&P 500 advancing 1.18 percent overnight.
- Tracking Wall Street's gains, the Korea Composite Stock Price Index rose on Tuesday, with Samsung Electronics and SK hynix leading gains as eased Middle East tensions boosted investor appetite.
- Brent crude futures rose 1.1% to $US72.78 per barrel as the United States and Iran agreed to resume 'technical talks' in Doha, though analysts warn AI-driven gains may face threats if productivity fails to materialize.
11 Articles
11 Articles
Seoul shares open tad higher on Wall Street gains as Middle East tensions ease
Korean stocks opened slightly higher Tuesday, tracking overnight gains on Wall Street as easing tensions in the Middle East boosted investor appetite for tech shares. The benchmark Korea Composite Stock Price Index (KOSPI) gained 57.13 points, or 0.68 percent, to 8,451.78 as of 9:15 a.m. Investor sentiment improved after the United States and Iran were set to resume talks in Qatar aimed at easing tensions in the Strait of Hormuz, alleviating con…
Wall Street Rallies as US-Iran Tensions Ease
U.S. stocks rose significantly on Monday as hostilities between the U.S. and Iran calmed and major tech shares recovered. The S&P 500 and Nasdaq gained over 1% each, buoyed by technology and communication sectors. Investor sentiment improved ahead of the earnings season amidst easing geopolitical tensions.
ASX headed for cautious start, Wall Street jumps as AI-related stocks rebound
The Australian share market is likely to start its day relatively flat despite a rebound in oil prices ahead of the next round of US-Iran peace talks. On Wall Street, the Dow Jones Industrial Average hit a record high. Follow live.
Wall St climbs as Mideast tensions ease, Comcast surges on spin-off plan
June 29 (Reuters) - U.S. stock index futures rose on Monday, led by strong gains in the tech-heavy Nasdaq 100, as easing tensions in the Middle East lifted sentiment, while Comcast shares soared on plans to split into two companies.A U.S. official said on Sunday that the United States and Iran will de-escalate following days of hostilities, bolstering hopes that an interim peace deal signed earlier this month could hold.While diplomatic effort…
Market Open: Fewer US strikes, more Wall Street hype sets Oz up for green end to FY26
At The Bell — Australian shares will open the last day of the financial year up +0.2%, buoyed on Tuesday by U.S.-Iran peace posturing (we’ll see where that really leads) and an excitement on Wall Street, all focused on the tech buzz. Listen to the HotCopper podcast for in-depth discussions and insights on all the biggest headlines from throughout the week. On Spotify, Apple, and more. The Nasdaq has, unsurprisingly, been the biggest gainer over …
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