Nasdaq climbs more than 2% and S&P 500 rises as bargain hunters lift tech shares
AI Market Summary
Risk appetite improved as US-Iran de-escalation lowered geopolitical tail risks and supported freer shipping through the Strait of Hormuz, compressing the oil-risk premium even as Brent held near $73. South Korea's $880B chip and data-center investment plan strengthened expectations for sustained AI infrastructure buildout, catalyzing dip-buying in megacap tech and lifting the Nasdaq more than 2%. A Supreme Court decision buttressing Fed independence reduced policy uncertainty.
Impact level
● High
Affected assets
NCSINASDAQ1002USD/USDT+2.11%
AI Insight · NCSINASDAQ1002USD/USDTAI Insight
▲ Bullish
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The US and Iran agreed to halt attacks on each other ahead of peace talks this week covering the Strait of Hormuz, easing geopolitical tensions. South Korea unveiled an $880 billion investment plan for chips and data centers, boosting expectations for global AI infrastructure spending. The Nasdaq rose more than 2% while the S&P 500 finished higher, and Brent crude hovered near $73 a barrel.
