US Edition
Here Are 3 Forces that Drove a Remarkable, Record-Setting Week on Wall Street
Oracle rose 26% in five days as investors rotated back into tech and banks after Iran headlines eased market fears.
- Iran reopened the Strait of Hormuz during negotiations, shifting market sentiment significantly. Markets reached their highest level in recent weeks as investors responded positively to the development.
- Market sentiment shifted decisively as the view on the Iran situation improved starting March 31st. Banks rose amid renewed optimism, ending a cautious period where investors had taken their foot off the gas.
- Tech stocks surged sharply over the week, signaling a risk-on environment. AMD, Palantir, Microsoft, and Micron all saw gains as investors returned to these sectors.
- Netflix shares fell 9% following earnings while issuing soft guidance, though Snap rose 8% after cutting about 16% of its workforce. The contrasting reactions reflect divergent investor sentiment on restructuring moves.
- Tesla is the headline for next week's earnings report, with shares already up about 16% over the past week. Investors are watching closely to see if momentum in high-growth names continues.
13 Articles
13 Articles
The announcement of the reopening of the Strait of Ormuz has done good to the investment portfolios of many Quebecers.
New York Stock Market Surges on Hormuz Passage Allowed; S&P 500 Breaks 7,100 Mark for the First Time in History. The New York stock market continued its bullish trend on the 17th (local time) after Iran declared that it would fully allow merchant ships to pass through the Strait of Hormuz during the ceasefire with the United States. On this day, the Dow Jones 30 Industrial Average rose 868 points from the previous close.
Wall Street closed in green and the S&P 500 first surpassed 7,100 points, after the reopening of the Strait of Ormuz.
World markets are back in colour after the announcement about Ormuz. The New York Stock Exchange opened up on Friday, doped by the announcement by...
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