US stocks dropped on Wednesday, not because of the 'US-Iran agreement', but mainly due to signals from the Fed meeting, with the market expecting rate hikes to kick off as early as September, moving up the timeline.
Today, US stocks rallied, driven by several factors:
The Strait of Hormuz reopening + US military blockades being lifted, causing oil prices to drop back to March levels.
Apple and Intel struck a deal to design and manufacture chips exclusively for Apple, boosting the semiconductor index 📈 by 6.4%.
Expectations of 'fuel supply easing' lifted stock prices in sectors like airlines and cruise lines.
With inflation pressures easing, profits for US small and medium enterprises are expected to improve, pushing the low-cap Russell 2000 index to new highs.
The latest 'initial jobless claims' saw a week-over-week decline, indicating that the US labor market still isn't showing any major issues...
Today, US stocks rallied, driven by several factors:
The Strait of Hormuz reopening + US military blockades being lifted, causing oil prices to drop back to March levels.
Apple and Intel struck a deal to design and manufacture chips exclusively for Apple, boosting the semiconductor index 📈 by 6.4%.
Expectations of 'fuel supply easing' lifted stock prices in sectors like airlines and cruise lines.
With inflation pressures easing, profits for US small and medium enterprises are expected to improve, pushing the low-cap Russell 2000 index to new highs.
The latest 'initial jobless claims' saw a week-over-week decline, indicating that the US labor market still isn't showing any major issues...