The Dow Jones surged nearly 1,000 points, led by chip stocks, on news that the US and Iran were close to reaching an agreement.
U.S. stock markets rallied strongly on Thursday (June 11, 2569), driven by a recovery in semiconductor stocks and hopes that the U.S. and Iran may soon reach a diplomatic agreement. Meanwhile, global investors are watching the first day of trading for SpaceX, which could become the largest IPO in history.
US stock markets surged, with chip stocks rebounding as investors reacted positively to good news from the Middle East.
U.S. stock markets closed sharply higher on Thursday. Following President Donald Trump's statement that the U.S. and Iran were close to signing an agreement and canceling a previously planned military strike, investors eased their concerns about the situation in the Middle East.
Furthermore, semiconductor stocks once again became a key driver of the market, supported by a recovery in Micron Technology, AMD, and Intel shares. Meanwhile, anticipation of SpaceX's IPO on Friday boosted investment sentiment in technology stocks.
- Dow Jones Industrial Average Closed at 50,848.75 points, up 929.97 points (+1.86%)
- S&P 500 Index Closed at 7,394.30 points, up 127.31 points (+1.75%)
- Nasdaq Composite Index Closed at 25,809.66 points, up 640.16 points (+2.54%)
European stock markets closed higher, boosted by a positive global investment sentiment.
European stock markets closed in positive territory, following the global trend. Following easing concerns about conflicts in the Middle East, investors continued to buy shares across several industry sectors.
Although the rally wasn't as strong as in the US market, the overall investment sentiment remained positive, driven by expectations that geopolitical tensions might ease in the near future.
- STOXX 600 Index Closed at 621.53 points, up 3.36 points (+0.54%)
- DAX German stock market index Closed at 24,209.71 points, up 14.40 points (+0.06%)
- CAC 40 Index of the French stock market The market closed at 8,200.80 points, unchanged from the previous day.
The UK stock market closed higher, as investors buoyed by hopes of a US-Iran deal.
The London stock market closed higher on Thursday. This was driven by easing concerns about the situation in the Middle East after President Trump signaled that a deal between the US and Iran could happen soon.
Investors continue to closely monitor global economic trends and the monetary policy direction of major central banks around the world.
- FTSE 100 Index UK Stock Market Closed at 10,303.88 points, up 49.07 points (+0.48%)
Oil prices fell as markets hoped the US and Iran were close to reaching an agreement.
Global oil prices fell after President Donald Trump revealed that the United States had reached a framework agreement with Iran and that a formal signing was expected in the coming days.
Investors believe that a resolution to the conflict would help mitigate the risk to oil supply in the Middle East, particularly in the Strait of Hormuz, even though Iran has not yet confirmed the details of the agreement.
- WTI crude oil price (July delivery) Closed at $87.71/barrel, down 2.58%.
- Brent crude oil price (August delivery) Closed at $90.38/barrel, down 2.92%.
Gold prices fell to their lowest level in six months as investors worried the Federal Reserve might raise interest rates.
Gold prices continued to fall, hitting their lowest level in six months. Investors sold off gold due to concerns that persistently high inflation might force the Federal Reserve (Fed) to raise interest rates later this year, or at least keep them at high levels.
In addition, capital continues to flow out of gold ETFs and futures markets, as some investors reduce their holdings of assets to hedge against currency depreciation.
Spot Gold Price It stood at $4,111.10 per ounce, down 0.5%.
Gold price on the COMEX market (August delivery). It touched a low of $4,046.20 per ounce, the lowest level since November.
The dollar weakened after Trump canceled plans to attack Iran.
The US dollar weakened against major currencies. After President Trump announced the cancellation of his plan to attack Iran and signaled that negotiations between the two countries were making progress.
The dollar typically attracts buying interest as a safe-haven asset during geopolitical tensions, but as hopes for peace increase, investors tend to reduce their holdings of the dollar.
- Euro/Dollar It closed at $1.1559, up 0.21%.
- Dollar/Swiss Franc It closed at 0.797 francs, down 0.35%.
- Dollar Index Closed down 0.21%.
Read news related to All stock situations around the world can be found here.
