The Economic Times

US stock market today: Why are Dow Jones, S&P 500, and Nasdaq surging as AMD stock explodes and oil prices crash on Iran peace hopes?

US stock market today: Dow Jones jumps 650 points, Nasdaq surges as AMD stock explodes 19%, oil crashes, and AI optimism reshapes Wall Street. Chipmakers and geopolitics collide on a volatile Wednesday morning as the market is betting heavily that a ceasefire framework is closer than anyone expected. Oil prices crashed as hopes of a U.S.-Iran peace deal eased inflation fears. Bond yields fell. The dollar weakened. Gold surged above 4,700.