Wall Street closes sharply higher as AI chips, Tesla and megacap tech power broad rally, oil and gold also firm
Executive summary: Wall Street finished higher across major benchmarks, led by a powerful surge in AI and chip shares, with the Nasdaq Composite up +4.8% and the S&P 500 rising +2.9%. The move came alongside gains in Tesla, Nvidia and Apple, while energy, gold and crude also advanced. Financials and some large internet names lagged, showing the rally was broad but not uniform. [Continue Reading]
Europe closes mixed as oil, metals and autos lead, FTSE slips while DAX and Euro Stoxx 50 edge higher
Executive summary: European markets finished mixed, with the DAX and Euro Stoxx 50 posting modest gains while the FTSE 100 and CAC 40 ended lower. The biggest moves were in commodities, where silver, platinum, natural gas and Brent crude surged, helping lift parts of the broader risk complex and supporting auto shares. Currency moves also showed a softer dollar backdrop, with the euro and pound firmer against the US currency. [Continue Reading]
Wall Street Opens Higher as AI Chips, Tech and Commodities Power Broad Risk-On Move
Executive summary: U.S. markets opened sharply higher, led by a powerful rebound in AI and chip stocks, a strong tech bid and gains across several cyclical and commodity-linked areas. The Nasdaq Composite, S&P 500 and Dow Jones all advanced, while energy lagged as crude rose but energy equities fell. The move appears tied to a risk-on tone, firmer oil and metals, and renewed enthusiasm for growth and AI exposure. [Continue Reading]
Oil prices rise as U.S.-Iran peace deal prospects fizzle
Oil prices rose on Sunday after prospects for a U.S.-Iran peace deal failed to materialise, while stock futures edged lower in response.The move came after the two sides did not reach an agreement, prompting an immediate reaction in markets.The supplied report does not give further details on the talks or the size of the price changes.The market response matters because any shift in U.S.-Iran diplomacy can affect expectations around energy supply and broader investor sentiment.In this case, traders appeared to treat the stalled talks as a fresh geopolitical risk.The incident is being watched closely because oil prices and stock futures... [Continue Reading]
360LiveNews | 10 May 2026 23:59 LONDON
US fires on Iranian tanker in Gulf of Oman as Trump presses Iran talks
The United States military has fired on an Iranian oil tanker in the Gulf of Oman, according to the supplied report, as President Donald Trump pressed Tehran to reach a deal.A fighter jet shot out the tanker's rudder as it tried to breach what US Central Command described as an American blockade of Iran's ports.The report says the Islamic Republic is reviewing the latest American proposals.Trump said a deal with Iran was "very possible", but warned he could resume bombardment if negotiations fail.The strike adds a fresh military dimension to already tense talks.The incident matters because it comes as investors... [Continue Reading]
360LiveNews | 06 May 2026 01:00 LONDON
