Money
Nasdaq Jumps 3% As US-Iran Deal Reopens Hormuz; Investor Sentiment Improves Further, Fear & Greed Index R
— Ai Summary —
Nasdaq jumped more than 3% as a U.S.-Iran peace deal reopened the Strait of Hormuz, easing energy fears and lifting tech shares. The Dow gained about 469 points to around 51,671.03, while SpaceX surged roughly 20% after its public-market debut the prior Friday. The Nasdaq's advance was accompanied by a softer fear-and-greed sentiment, with breadth improving even as energy and real estate stocks lagged. Data showed the Empire State Manufacturing index fell to 5.7 in June from 19.6 in May, and May's industrial production rose 0.1%, underscoring a mixed macro backdrop.
AI-generated summary • Source: Benzinga • Read the full article for complete information.
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