Stock Market Rebounds as Tech Stocks Rise, Iran-Israel Tensions Escalate US stock markets surged on Monday, with the Dow Jones Industrial Average gaining 0.3%, the S&P 500 climbing 0.6%, and the Nasdaq Composite jumping 0.9% as tech stocks rebounded from a steep decline the previous day. The rally followed a sharp drop in semiconductor shares and a volatile week marked by geopolitical tensions between Iran and Israel. Investors also recalibrated expectations for Federal Reserve rate hikes amid mixed economic signals. The Nasdaq Composite, which had fallen 4% on Friday, saw a strong recovery as chipmakers like Nvidia and Micron led gains. Nvidia’s CEO, Jensen Huang, and other industry leaders suggested the recent tech sell-off presented an opportunity to invest in artificial intelligence (AI) infrastructure. Micron (MU) rose 9%, while Nvidia (NVDA) gained 2% at the opening bell. Intel (INTC) also surged over 11% after reports indicated Google (GOOG) had requested Intel to manufacture 3 million of its Tensor Processing Units (TPUs). This development comes as Taiwan Semiconductor Manufacturing Company (TSM), the world’s leading chipmaker, struggles to meet rising demand, creating openings for rivals like Intel. The rebound was further fueled by renewed military action between Iran and Israel, which intensified oil price fluctuations. Iran launched missile strikes against Israel for the first time since April, prompting a retaliatory strike from Israel. The conflict, which occurred on the 100th day of the war, raised concerns about the collapse of fragile ceasefire talks. Brent crude futures (BZ=F) climbed 4% to nearly $98 a barrel before retreating, while West Texas Intermediate (CL=F) approached $95 a barrel.#dow_jones_industrial_average #s_p_500 #nasdaq_composite #us_stock_markets #iran_israel_tensions
