FALLING OIL PRICES, DOWN 4.3% TO $86.94 A BARREL, ALSO SUPPORTED SENTIMENT AS HOPES FOR AN END TO THE IRAN WAR EASED INF | Hanami
FALLING OIL PRICES, DOWN 4.3% TO $86.94 A BARREL, ALSO SUPPORTED SENTIMENT AS HOPES FOR AN END TO THE IRAN WAR EASED INFLATION CONCERNS. INVESTORS VIEWED THE TECH SELLOFF AS A RESET IN THE AI TRADE RATHER THAN A STRUCTURAL DOWNTURN, THOUGH CONCENTRATED POSITIONS AND HIGH VALUATIONS REMAIN RISKS.
Reply to @FirstSquawk: US STOCKS REBOUNDED SHARPLY, WITH THE S&P 500 RISING 2.35%, THE NASDAQ 100 GAINING 3.4% AND THE DOW JONES ADVANCING 2.2%, MARKING THEIR BEST SESSION SINCE APRIL. CHIPMAKERS JUMPED NEARLY 7% AS INVESTORS BOUGHT THE DIP, DESPITE NVIDIA SLUMPING 4.3% AMID A PROBE INVOLVING CEO JENSEN HUANG.