Stocks Rise on War Hopes, Arm Holdings Surges

0:00Stocks climbed on Wall Street today amid hopes for an end to the war with Iran, the S&P 500 rose 0.7%, the Dow Jones industrial average gained 360 points or 0.8%. Percent and the NASDAQ composite jumped 1%. Iran rejected a 15-point U.S. ceasefire proposal and fired more tax at Israel and Gulf nations, including one that caused a big fire at Kuwait, international airport. And so, global markets showed optimism with indexes of over 1% in London, Paris, and Shanghai, and Tokyo's Nikkei soared in 2.9%, oil prices eased on expectations of commerce shipping through the Persian Gulf. Brink crude fell 3.5% toward $96 a barrel after peaking near $120 due to blockages near the Strait of Hormuz. Iran yields dip slightly with the 10-year treasury at 4.32%, which might help keep mortgage rates from rising too fast and ease economic strain.

1:02Gold also bounced back up 3.5% above $4,550 an ounce. Several stocks stole the show, like arm-holding surging 18.2% on new AI chip plans while on-holding dropped 11%. After its CEO stepped down, as tensions linger, these swings highlight how quickly markets react to war news. Local news powered by AI. This is Sydney News today. I'm Corey with The Story.