US Stocks: US Stocks Rise as AI Stocks Rally, Oil Tumbles over 3% on Middle East Hopes
- On Monday, the Nasdaq Composite climbed 1.8% as Meta Platforms and semiconductor stocks surged, while falling oil prices provided relief to the broader market.
- Trade discussions between Treasury Secretary Scott Bessent and Vice Premier Chenggang boosted confidence, as Bessent described the weekend engagement as 'very successful.'
- Meta Platforms jumped 8.6% as its AI agent, The Muse, topped U.S. iPhone downloads for three straight days, while AMD rose 9.1% and Intel gained 14% on chip-demand expectations.
- Lower oil prices eased pressure on Treasury bonds, with the 10-year yield sliding more than 3 basis points to 4.96% as market sentiment turned positive.
- Strategists at JPMorgan led by Mislav Matejka cautioned that markets may see volatility 'in the very short term' as the Iran war and September seasonality persist.
43 Articles
43 Articles
Global markets are optimistic that a diplomatic solution can be reached between the United States and Iran, with the rise in technology and AI shares, as well as the rise in technology and artificial intelligence stocks.
U.S. stock indices have completed the bidding on Monday plus, and Nasdaq Composite has updated the record maximum.
Stocks rise on AI buzz, drop in oil prices
Facebook owner Meta surged 11 percent, Bloomberg reported, after its free AI agent Muse topped download charts following its release earlier this month. Meta said Muse -- which can book travel, send emails and make purchases -- was built for users with no technical background and is designed to work the way people already message each other, either in a dedicated app or inside WhatsApp. "Meta's Muse might well be the consumer facing manifestatio…
(Los Angeles=Yonhap News) Correspondent Kim Kyung-yoon = As artificial intelligence (AI) related stocks surged and oil prices fell, the three major U.S. New York stock indices all... on the 21st (local time)
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- 44% of the sources lean Right
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