Dow closes up 263 points, hits new high on strong earnings and progress in US-Iran talks

Price ActionMacroGeopolitics Impact 4

โดย HoonSmart·

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The Dow Jones Industrial Average closed at a record high, rising 263.24 points to 54,349.12, buoyed by strong corporate earnings and a rally in Nvidia shares, as well as signs of progress in peace talks between the United States and Iran. Meanwhile, the Nasdaq fell for the first time in five trading days after SpaceX and AMD shares dropped following their quarterly earnings reports. Nvidia shares surged more than 3% after Elon Musk said SpaceX would exclusively use Nvidia processors to build its AI infrastructure. SpaceX shares fell over 13% after its second-quarter capital expenditure soared sixfold to 18.4 billion dollars. Amgen rose 4.6% and Eli Lilly jumped 4.9%, lifting the S&P 500 healthcare sector to a 1.3% gain. Advanced Micro Devices fell 7% and Alphabet dropped 4% after reporting earnings and restructuring its AI unit. Oil prices were steady amid hopes for a US-Iran deal, with reports that a proposal between Iran and Oman would give Iran control over ships entering the Persian Gulf through the Strait of Hormuz, a passage for one-fifth of the world's oil. European stocks closed at a fresh record high, with the STOXX 600 ending at 657.14, up 0.04%, led by mining stocks which rose 2.3% on the back of gold prices.